TFSA Retirement Income Projector

See how much tax-free retirement income your TFSA can generate — and what it’s worth in taxable dollars.

About You

Current Age

Retirement Age

Income Until Age

Retirement Tax Bracket — for comparison

Your TFSA

Current TFSA Balance

Annual Contribution — until retirement

Other Retirement Income — CPP, OAS, pension, RRSP

Investment Returns

Growth Phase Return

Retirement Phase Return

Tax-Free Monthly Income in Retirement

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sustainable from your TFSA for {{ retYearsStr }} years

TFSA at Retirement

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Annual TFSA Income

tax-free

Total Retirement Income

TFSA + other sources

Total Tax-Free Withdrawals

over retirement

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Investment Growth+{{ growthPhaseGrowthStr }}

Return Rate{{ growthRetStr }}

🏖️ Withdrawal Phase · {{ retYearsStr }} years

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Balance at Retirement{{ balAtRetStr }}

Annual Withdrawal{{ annualStr }}

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Return Rate{{ retRetStr }}

💡 What This Is Worth in Taxable Income

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Taxable Equivalent Needed{{ taxableEqStr }}/yr

Tax Saved Per Year{{ taxSavedStr }}

Lifetime Tax Saved{{ lifetimeTaxStr }}

TFSA Balance: Growth → Retirement Drawdown

Growth phaseRetirement startWithdrawal phase

Monthly Income at Different Withdrawal Strategies

StrategyRateMonthlyLasts to Age

AgePhaseIn/OutGrowthBalance

Why TFSA Income Is So Powerful in Retirement: Unlike RRSP/RRIF withdrawals, TFSA income doesn’t count as taxable income. This means it won’t push you into a higher tax bracket, won’t trigger OAS clawback (which starts at $90,997 in 2025), and won’t reduce your GIS eligibility. A $20,000 TFSA withdrawal puts $20,000 in your pocket — no T4 slip, no tax return impact.

Note: This projection uses constant dollar amounts (not inflation-adjusted). Purchasing power will decrease over time due to inflation. The sustainable withdrawal is calculated so your TFSA reaches approximately $0 at your target age. Investment returns are not guaranteed. Actual annual TFSA contribution limits may change. Consult a financial advisor for personalized retirement planning.

TFSA Withdrawals in Retirement

TFSA withdrawals don’t count as taxable income, which makes them uniquely powerful in retirement. Unlike RRSP/RRIF income, TFSA income won’t push you into a higher bracket, trigger OAS clawback (starts at ~$91K), or reduce GIS. A $30,000 TFSA withdrawal is $30,000 in your pocket — no tax slip, no tax return impact. Contributing consistently during your working years and letting compound growth work means your TFSA can supplement CPP, OAS, and pension income with a meaningful tax-free stream.

Disclaimer: Projections use constant (nominal) dollars — purchasing power will decrease with inflation. The sustainable withdrawal is calculated to deplete the TFSA to $0 at the target age. Investment returns are not guaranteed. Annual TFSA contribution limits may change. This calculator does not model inflation adjustments, OAS clawback thresholds, or GIS eligibility. Consult a financial advisor for comprehensive retirement planning.