🇨🇦 Canada · CAD

Canadian FIRE date, calculated.

Enter your current net worth, monthly savings, expected return, and annual expenses to find your financial-independence date — and whether you are already Coast FI against Canadian CPP/OAS pension age 65.

A Canada-localised calculator pre-filled in CAD. Use it to project growth inside a TFSA, RRSP, or FHSA — each with different contribution rules and tax treatment at withdrawal.

Your inputs

All figures in CAD. Switch country at the bottom for other currencies.
CA$
CA$
CA$
4%
3% (conservative) — 5% (aggressive), default 4%

Your FIRE numbers

Years to FI—
Target date—
FI target portfolio—
Progress toward FI—

How this works — plain English.

FIRE rests on one formula: FI target = annual expenses ÷ safe withdrawal rate. At 4% SWR that is 25× your expenses. Once your portfolio hits that number it can sustain inflation-adjusted withdrawals indefinitely.

FI Target = Annual Expenses ÷ SWR   •   Years = solve for FV(NW, savings, return, n) ≥ Target

In a Canadian context: the TFSA is the cornerstone of Canadian FIRE — growth and withdrawals are entirely tax-free at any age, with cumulative room of CA$102,000 (as of 2026). The RRSP is highly efficient for high-income years (contributions are tax-deductible) but withdrawals are fully taxable as income — most Canadian FIRE practitioners use RRSP in peak earning years and draw down the TFSA first in early retirement. The FHSA (First Home Savings Account) provides deduction on contributions and tax-free withdrawal for a qualifying first home.

The CPP and OAS full benefit age is 65 (CPP can start as early as 60 with a permanent reduction; OAS at 65). If your projected FIRE date is before 65, plan to self-fund the gap with TFSA and RRSP drawdowns.

Worked example: A CA$13,000 TFSA balance plus CA$500/month at 7% for 25 years grows to roughly CA$425,000 — entirely tax-free at withdrawal.

Frequently asked.

What is FIRE?

FIRE (Financial Independence, Retire Early) means saving and investing enough so your portfolio generates sufficient passive income to cover all expenses. In Canada, the ideal vehicles are TFSA (tax-free at any age) and RRSP (tax-deductible in, taxable out), with cumulative TFSA room of CA$102,000 (2026).

What is a safe withdrawal rate and why 4%?

The SWR is the annual percentage you can withdraw without depleting your portfolio. The Trinity Study found 4% survived 95% of 30-year scenarios. For 40+ year Canadian retirements, 3–3.5% is more conservative.

What return rate should I assume for a Canadian TFSA or RRSP?

For a globally-diversified index fund inside a TFSA, 6–8% nominal is standard. TFSA growth and withdrawals are tax-free. RRSP withdrawals are fully taxable income — model with a lower effective rate. In a non-registered account, 50% of capital gains are included in taxable income.

What is Coast FIRE vs Lean FIRE vs Fat FIRE?

Coast FIRE: your portfolio can reach FI by CPP/OAS age (65) without further contributions. Lean FIRE: under ~CA$30,000/year. Fat FIRE: CA$80,000+/year. Change the annual expenses input.

How does Canadian tax affect early retirement planning?

TFSA: growth and withdrawals tax-free. RRSP: tax-deductible in, fully taxable out. FHSA: deductible in, tax-free withdrawal for a first home. Non-registered: 50% of capital gains are taxable. CPP full benefit at 65 (early at 60 with reduction); OAS at 65. FIRE before 65 requires self-funding the gap.

Track your Canadian FIRE date as your TFSA and RRSP grow.

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