Paul's Pseudo Retirement Planner - Opening Page
This program will project future savings, taxation, and marginal tax rates based on various pieces of financial information. A few things should be kept in mind:
All dollar values are in current year dollars (i.e., inflation adjusted). Keep this in mind when projecting future income and expenses -- do not project changes to to inflation.
Taxes are based on 1996 tax law. Obviously future changes in tax law could affect the predicted values.
This page is not "secure"; that is, the information which you type here could, in principle, be intercepted during transmission. However my server does not get "cookies"; that is, the financial information which you send and is processed on my computer cannot in any way be connected with you.
All blank entries are treated as zero.
Establish Current Information:
Current Age:
Family Size:
(Number of members in family for tax purposes.)
Current Savings (NON RRSP):
Current Savings (RRSP):
Anticipated investment setting:
Interest rate:
This is the advertised interest rate,
including
inflation. Enter as a fraction or in percent: 0.07, 7, and 7% are all equivalent.
Inflation rate:
Investment taxation rate
This is the marginal rate at which investment income is taxed, which depends on the capital-gains vs. income balance of your investments. The marginal rate is between 75% (pure capital gains) and 100% (pure income).
The immediate future:
Current annual income
+0%
+1%
+2%
+5%
+10%
-1%
-2%
-5%
per year (all percent changes are those IN EXCESS of inflation. Do not include normal cost-of-living adjustments.
Annual expenses
+0%
+1%
+2%
+5%
+10%
-1%
-2%
-5%
per year
Monthly expense #1
+0%
+1%
+2%
+5%
+10%
-1%
-2%
-5%
per month
Monthly expense #2
+0%
+1%
+2%
+5%
+10%
-1%
-2%
-5%
per month
RRSP Contributions
+0%
+1%
+2%
+5%
+10%
-1%
-2%
-5%
per year. Your RRSP contribution will be limited based on your income.
Charitable Donations
+0%
+1%
+2%
+5%
+10%
-1%
-2%
-5%
per year
Disclaimer: It should be obvious that a computer program is no substitute for reasoned advice. I have no credentials in tax law, accounting or anything remotely related to these. This program should only be used for fun / educational / information purposes only.
Home
Teaching
Research
Students
Funding
Software
Papers
Links
(Page last updated February 19, 2004, )
