YOUR INFORMATION:

Select a gender

ANNUITY DEPOSIT AMOUNT:

From investments that are

EXPECTED TAX RATE IN RETIREMENT:

Your estimated annual annuity income
will be:
$7,000 before tax
$5,140.22 after tax

You can customize your annuity to meet your needs by adjusting the guarantee period, indexing it to inflation or including your spouse in a joint plan.

To see what your guaranteed annuity income could look like with the features you need, review your results with an advisor.

COMPARE YOUR AFTER-TAX INCOME OPTIONS:

Your annual after-tax income results
 
 
Life annuity after-tax income
Average life expectancy
RRIF after-tax withdrawal
1 in 4 Canadians lives to this age
See how the annual after-tax income from an annuity compares to the income from a GIC or a RRIF.
From investments that are
Compare annuity to
%
Life annuity: An insurance contract that guarantees you’ll receive income payments for life, however long you live. Once you’ve purchased your annuity, you never have to worry about how that money is invested or how long your income will last.
GIC: One of the safest and simplest investments you can make. In essence, you are depositing money and receiving a guaranteed amount of interest, for a guaranteed period of time.
RRIF: An excellent choice for people who want to take money out of their RRSPs as regular income. You control your investments and income (subject to RRIF minimum withdrawals), while maximizing tax deferral. And RRIF assets can be passed directly to your spouse on your death, without being taxed.

YOUR NEXT STEPS:

How annuities work

Find out how an annuity can give you a guaranteed income for life.

Learn more about annuities

The best strategy for you

Other helpful retirement planning resources to consider:

Simply put: What are payout annuities? (Video)
Life expectancy calculator

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An annuity is just one piece of your complete retirement income picture. For help fitting the pieces together, review your results with an advisor

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Annuity February 28, 2017
 

Your estimated annual annuity income will be: $7,000 before tax and $5,140.22 after tax.

Did you know your advisor can help you customize your annuity to meet your needs by adjusting the guaranteed period, income indexing or including your spouse in a joint plan.

To see what your guaranteed annuity income could look like with the features you need, review your results with an advisor

YOUR INFORMATION:

Planned annuity purchase age: 50

Deposit amount: $100,000

From investments that are: Registered

Gender: Female

Your expected tax rate in retirement will be: 35.00%

RESULTS:

Annual before-tax income: $3,891.06

Annual after-tax income: $4,420.69

COMPARISON - GRAPH VIEW:

At 6% interest, the RRIF's after-tax income will be able to match the annuity up to age 100 — but only the annuity income is guaranteed for life.

At 6% interest, the RRIF will be able to match the annuity to past age 100 — but only the annuity income is guaranteed for life.

The average life expectancy for someone the age and gender shown is 89-92 years.

In this example, the RRIF income exceeds the annuity income for a period of time because of the mandatory minimum withdrawals.

Life annuity after-tax income
Average life expectancy
RRIF after-tax withdrawal
1 in 4 Canadians lives to this age
COMPARISON - TABLE VIEW:
AGE CUMULATIVE ANNUITY PRE-TAX INCOME ANNUITY PRE-TAX INCOME ANNUITY AFTER-TAX INCOME CUMULATIVE RRIF PRE-TAX INCOME RRIF PRE-TAX INCOME RRIF AFTER-TAX INCOME
55 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00
EXPLORE DIFFERENT RETIREMENT INCOME OPTIONS:

Not fully aware of your different retirement income options? Don’t worry: Let us help you find out more.

Life Annuity: An insurance contract that guarantees you’ll receive income payments for life, however long you live. Once you’ve purchased your annuity, you never have to worry about how that money is invested or how long your income will last.

GIC: One of the safest and simplest investments you can make. In essence, you are depositing money and receiving a guaranteed amount of interest, for a guaranteed period of time.

RRIF: An excellent choice for people who want to take money out of their RRSPs as regular income. You control your investments and income (subject to RRIF minimum withdrawals), while maximizing tax deferral. And RRIF assets can be passed directly to your spouse on your death, without being taxed.

Assumptions: