Retirement planning Money matters

3 Canadian retirement planning spreadsheets you need

With all the information and advice out there about financial planning for retirement, it’s unsurprising if it feels a bit stressful. How do you know what’s right for you? Will you have enough money? What do you need to do to get ready?

Our goal is always to bring you relevant advice and tools to support your journey to retirement and beyond—to help you design the retirement you want to have. And so, we’ve gathered up a few retirement planning spreadsheets that will help you get clear on the tasks involved in planning for retirement and answer your retirement income questions.

Download these Canadian retirement planning spreadsheets

Canadian retirement planning checklist

There are many tasks to do to prepare for retirement, and they’re in addition to your regular day-to-day work and personal activities. So, take the guesswork out of planning by downloading our ultimate retirement planning bundle for education workers. In it, you’ll find our retirement planning checklist with the tasks to do and links to the government pages and other info to help you throughout the process. You can add your own tasks to it and assign dates.

Not sure what dates to assign? Check out our month-by-month task list article to help.

Ontario Securities Commission’s Retirement Budget Worksheet

Our friends at the Ontario Securities Commission have put together a helpful online form that prepopulates an excel spreadsheet with your pre and post-retirement income info. Completing this spreadsheet before retirement will help you get clear on your post-retirement cash flow and income. You don’t need to live in Ontario to use this tool. Also, once you download the spreadsheet, you can edit the amounts, and they’ve set up all the formulas to ensure your budget stays accurate. Try it out!

Financial Consumer Agency of Canada’s budget planner

The budget planner from the Financial Consumer Agency of Canada is a great way to build a budget based on your specific life stage and goals. For example, if your retirement is a few years off and your goal is to save more money, the tool can help you design a budget. Or, if you’re soon to be retired, you can play around with setting a retirement budget based on your goals for retirement.

If you want the benefit of a professional in helping you design your financial plan for retirement, check out our article about how to choose a financial planner.

Have you attended our free retirement planning workshop? It’s for education sector workers planning to retire in the next year to five years. It can help alleviate any uncertainty about the retirement planning process and whether you’re ready to make the change. It’s always free and you can attend more than once. Sign up today!