Why RAC retirement calculators are unique
If you search the internet, you'll quickly discover that no two calculators are the same. That's because each calculator is based on assumptions about the future and no one can predict exactly how the future will unfold, especially in relation to the variables that impact your retirement plans-taxes, investment returns, gender-based life expectancy, inflation, and investment portfolios, for example.
However, the calculators we offer at Retirement Advice for Canadians (RAC) are created by actuarial professionals who have a unique insight into the future of these variables. Actuaries specialize in working with statistical data to understand trends and they use sophisticated actuarial calculations to determine how to save and invest enough money to achieve future financial goals-such as a healthy retirement income.
Unlike other websites, all RAC calculators are
- based on assumptions and algorithms designed by actuaries
- use your own data so you can make the best financial decisions for your situation, and
- designed to allow for interactive "what if" analysis
RAC's online retirement calculators are a user-friendly and convenient addition to your financial planning toolkit. Using RAC calculators means you'll benefit from actuarial expertise, at little or no cost, every step of your retirement planning journey.