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Contributions calculator

See how the size of the contributions to your group plan can affect your retirement income with this calculator.

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Want to save more?

Change your contributions and see what a difference it can make

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Four tips to save more using your group plan(s):

  • Start investing now – The sooner you start, the more opportunity you have to grow your money.

  • Contribute as much as you can to make the most out of any amount your employer may match.

  • Increase your contributions when you can (e.g., when you get a raise).

  • Contribute more frequently if your plan allows.


The estimated annual income is based on a complete withdrawal of the savings in your retirement year. It isn't a payout annuity.


  • If the contribution amount is indicated as a percentage, the amount will be adjusted proportionately based on your salary increase.
  • If the contribution amount is indicated as a dollar amount, this amount remains the same for the entire contribution period.
  • Annual contributions are made at the beginning of the calendar year.
  • Value of existing retirement savings = 0 (i.e., the age entered into the calculator is the year of the first contribution)
  • Annual salary increase = 2.5%
  • Years in retirement = 25 (i.e., retirement income stops after 25 years)
  • Post-retirement rate of return = 5%

This calculator is for information purposes only and is intended to show how your contributions to your group retirement and savings plan can affect your retirement income. It’s not a prediction or guarantee of future investment performance or a guarantee of what you’ll receive as retirement income when you reach retirement age. Your retirement income may be higher or lower based on market conditions, performance of your investments and legislative changes.

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