You have got to start somewhere!

Level 1: Begin with the basics

The RAC team believes it is important to establish a savings program at a young age—even while at school—because it helps you think about planning for the future. Like most everything else in the financial world, starting early gives you a better chance of success!

Level 1 calculators are the best place to begin for anyone coming to the RAC site. They are an excellent jumping off point for anyone who is beginning to think about their retirement and to understand the big picture of that journey—even if it seems a long way away. At this point it may seem a bit daunting, but don't be discouraged. Talking to friends, family and financial advisors, as well as using our online resources, will help you reach your goals. We'll be updating the site frequently to help you on your journey!

To begin, our level 1 calculators help you to

• estimate how much you need to accumulate for your retirement
• learn how different investment strategies impact your savings
• estimate the benefits that the Canadian Government is expected to provide you during your retirement, such as Canada Pension Plan (CPP) and Old Age Security (OAS) benefits

Let's get started!