FI Plan tells you exactly how much you need to save each month to retire when you want. It's a free retirement planning tool built specifically for Canadians. Answer a few questions about your finances and you'll get a personalized monthly savings target, plus a month-by-month projection of how your money will grow, support you through retirement, and last as long as you do. No account or email required.

Yes. FI Plan was built in Canada by Jonathan and Nick, two Canadian engineers who set out to plan their own retirements and ended up building the tool they wished existed. It's designed specifically for the Canadian retirement system: CPP, OAS, RRSPs, TFSAs, RRIFs, LIRAs, federal and provincial taxes, and OAS clawback are all built in. Plan data is hosted on Microsoft Azure servers in Canada.

Yes. The free version of FI Plan is genuinely free, with no account, email address, or credit card required. We also offer a paid Premium tier (coming soon) with convenience features like saving your plan to a secure account and the ability to download PDF reports, but the core planning experience and the quality of your results are identical in both.

FI Plan is in active beta. The core planning tool is fully functional and gives you accurate projections today. We're continuously improving it and adding new features based on feedback from real users.

Yes. FI Plan runs in any modern web browser on phones, tablets, laptops, and desktops. There's nothing to download or install.

No. The free version doesn't require an account. Just open the app and start planning. Saving your plan to a secure account that syncs across devices is a feature of Premium (coming soon).

FI Plan stores your answers locally in your browser, so they'll be there when you return, as long as you're using the same device and browser, and you haven't cleared your cookies. If you want your plan saved permanently and accessible from any device, that's what Premium is for.

Just go back to the questionnaire and update your answers. Your projections recalculate immediately. You can do this as often as you want. If you got a raise, paid off a debt, or changed your retirement age, just update and see the new picture.

Yes. The free version lets you run two scenarios side by side. Premium will let you compare up to 10 scenarios at once.

There's no single number. It depends on your spending in retirement, the age you stop working, your other income sources (CPP, OAS, pensions), and how long you live. Common guidelines suggest Canadians need anywhere from $500k to $2 million in savings, but those numbers can be wildly off for your situation.

That's exactly the problem FI Plan solves: instead of guessing with a generic rule, you enter your own numbers and FI Plan calculates a specific monthly savings target that gets you to the retirement you actually want.

FI Plan tells you the exact amount you need to save each month to retire on your terms, and shows your full financial picture month by month.

Yes. Whether your goal is FIRE at 40, semi-retirement at 55, or a traditional retirement at 65, FI Plan shows you what it takes to get there.

Yes. FI Plan works equally well whether you're salaried, self-employed, a contractor, or a mix. There's no requirement for a workplace pension.

Yes. Most Canadians don't have a defined-benefit pension, and FI Plan was built with that in mind. You enter what you have (RRSPs, TFSAs, other savings) and what you'll get (CPP, OAS, anything else), and FI Plan builds your projections from there.

FI Plan currently supports:

• Chequing accounts
• Savings accounts
• TFSAs
• RRSPs and RRIFs, with automatic conversions and enforced minimum withdrawals
• LIRAs and LIFs, with automatic conversions at a chosen age
• Non-registered (taxable) accounts

Note: FI does not currently support modeling of FHSAs (First Home Savings Accounts). LIF maximum withdrawal limits are not currently enforced (because they vary significantly by province). RRIF minimums are enforced. Full details are on the Model Info page.

Yes. Both Canada Pension Plan (CPP) and Old Age Security (OAS) are factored into your projections, with configurable start ages, which can have a significant impact on your lifetime income. The OAS clawback (recovery tax) is also modelled based on your prior-year income, which matters for higher-income retirees.

Note that FI Plan does not connect to Service Canada to calculate your specific CPP entitlement. You provide the expected benefit amount as an input. For the most accurate number, get your estimate from the Government of Canada's Canadian Retirement Income Calculator and enter it into FI Plan.

Yes. FI Plan applies a planning-grade approximation of Canadian personal income tax, including federal and provincial brackets, dividend and capital gains treatment, CPP/EI/QPIP contributions, and OAS clawback, to your earned income, RRSP/RRIF withdrawals, and other taxable income, both during your working years and in retirement. Tax rules are based on the most recent year coded into the engine (currently 2025) and are applied consistently across your plan.

A few intentional simplifications worth knowing about: taxes settle once per year (in April) rather than being withheld from each paycheque, all dividends are treated as eligible dividends, and we don't replicate every provincial credit nuance. It's a solid planning estimate, not a line-by-line T1 replacement. Full details are on the Model Info page.

Yes. FI Plan applies a single inflation rate (which you set) broadly across your plan, including expenses, income growth, OAS thresholds, and contribution-room projections. In reality, different costs inflate at different rates (groceries vs. housing vs. healthcare), but a single rate is a reasonable simplification for long-term planning. You can stress-test by running scenarios with higher or lower inflation.

Currently, FI Plan models a single user. There's no way to add a spouse or partner, which means no joint account optimization, no pension income splitting, no survivor benefits, and no combined CPP/OAS household planning. This is a known limitation, and couples support is one of the top items on our roadmap.

In the meantime, many couples use FI Plan by either: (1) entering combined household numbers to model the family as a single unit, or (2) running two separate plans, one for each partner, and combining the results. Neither is perfect, but both can give you a useful directional answer.

We're working on it. Join our mailing list to be notified when it launches.

FI Plan steps through your life month by month, from a start date that you choose until the end of your life, tracking your income, expenses, account balances, contribution room, taxes, and government benefits. You provide a few key inputs (investment returns, inflation, retirement age, spending) and the model calculates what happens to your money over time. It's a scenario tool, not a crystal ball. It answers the question: "If these assumptions hold, what does my financial path look like?"

The math itself is precise: every number in your plan can be traced back to a specific calculation in a detailed ledger, so there's no black box. Where projections become uncertain is in the assumptions. Investment returns, inflation, tax rules, and the length of your life are all inputs that nobody can predict perfectly. FI Plan gives you a reliable baseline picture to plan around, not a guarantee. We recommend running multiple scenarios with different assumptions (especially conservative return rates) to build confidence in your plan.

You control the most important ones: expected investment returns by asset class for each account, inflation rate, life expectancy, annual spending, retirement age, and account fees. FI Plan applies your inputs consistently across the projection rather than baking in hidden assumptions you can't see or change. The model uses 2025 Canadian tax rules and a single inflation rate applied broadly across the plan. Full transparency on every assumption is on the Model Info page.

We're upfront about FI Plan's limitations so you can decide whether it's the right tool for you. Check out the Model Info page for details.

Monte Carlo simulation runs thousands of randomized return scenarios to estimate the probability your plan succeeds. It's a valuable technique, and we may add it in the future. For now, FI Plan uses a fixed-return projection, which is the standard approach used by many financial planners, and we recommend stress-testing your plan by running scenarios with conservative return assumptions (for example, running your plan at 4% returns instead of 7%).

No. FI Plan is a calculation tool that helps you understand your retirement math. It does not give personalized financial, tax, or investment advice. For advice tailored to your specific situation, we recommend speaking with a qualified Certified Financial Planner, ideally an advice-only one.

Most free retirement calculators have one of three problems: they're built to sell you a product, they're built for Americans, or they're oversimplified. FI Plan is built specifically for Canadians, models federal and provincial taxes, OAS clawback, RRSP/RRIF/LIRA/LIF mechanics, CPP, and OAS, and isn't tied to any bank, brokerage, or fund company, so the answer it gives you isn't shaped by what someone wants to sell you.

Bank and brokerage calculators are usually free, but they exist to attract new customers to their investment products. They tend to give you a single high-level number ("you need $X million") with limited detail on how to get there. FI Plan gives you a month-by-month event ledger showing exactly where every dollar comes from and goes to, and isn't trying to sell you a fund, a portfolio, or an account.

The Government of Canada's Canadian Retirement Income Calculator is a solid free tool, particularly for estimating CPP and OAS. It's narrower in scope than FI Plan. It focuses on whether your projected retirement income will meet your goal, but doesn't calculate a specific monthly savings target, doesn't model your full account mix, and doesn't show you a detailed cash-flow breakdown. The two tools complement each other well. Many people use the government calculator to get an accurate CPP/OAS estimate, then enter those numbers into FI Plan for the full picture.

FI Plan is a great starting point and, for many Canadians, may be all the planning they need. But there are situations where a Certified Financial Planner is worth the cost: complex tax situations, business ownership, large estates, blended families, cross-border issues. Premium will eventually include Expert Review, which lets you book a session with an advice-only CFP directly through FI Plan.

The retirement projections themselves, the actual numbers, math, and quality of the result, are identical in Free and Premium. The quality of your retirement plan should never depend on what you pay.

Premium adds convenience and depth: saving plans to a secure account, syncing across devices, downloadable PDF reports, CSV data exports, comparing up to 10 scenarios at once, generating a read-only share link to send to a spouse or advisor, and a 30-day money-back guarantee. See the full feature comparison on the Pricing page.

Pricing for Premium hasn't been finalized yet. Join our mailing list to be notified when it launches.

Not yet. It's coming soon. Join our mailing list to be notified when it launches.

Long-term, FI Plan will be funded by Premium subscriptions and (separately) by Expert Review, which is paid sessions with advice-only CFPs that Premium users can book through the platform. We do not sell investments, we do not earn commissions, we do not run targeted advertising, and we do not sell or share user data. This matters because it means FI Plan's incentives are aligned with giving you an honest answer, not steering you toward a product.

Expert Review will be a paid add-on for Premium users that connects them with an advice-only Certified Financial Planner (CFP) for a private session. You'll be able to review your retirement plan together, ask questions, and get personalized guidance. It's coming soon. Join our mailing list to be notified at launch.

An advice-only financial planner charges a flat fee for their time and guidance. They don't earn commissions, and they don't sell investment products. That removes the conflict of interest that exists when a planner's income depends on what they recommend. When you pay for advice only, you can trust that the guidance is genuinely in your best interest.

No. FI Plan is purely a retirement planning tool. We don't manage money, we don't offer banking services, and we don't sell investments.

No, not for free-tier users. The free retirement planning tool is anonymous. The financial information you enter is encrypted and sent to our calculation engine on Microsoft Azure servers located in Canada, used to compute your plan, and then discarded server-side. We do not store, log, cache, or persist your inputs or results on our servers. Your answers are kept only in your own browser, on your device, where you can clear them at any time.

When the Premium tier launches, Premium users will create accounts and their data will be stored securely so they can access plans across devices, but the free tool will remain anonymous.

For the free tool: none. No name, no email, no account.

If you contact us, sign up for our mailing list, or (eventually) subscribe to Premium, we collect what you give us, typically your name and email address, and for Premium users, the financial planning inputs you save to your account. Full details are in our Privacy Policy.

On Microsoft Azure servers in Canada. Some peripheral service providers (e.g. analytics, email) may process limited information outside Canada. This is detailed in our Privacy Policy.

No. We do not sell or share your personal information, and we do not buy data about you from third-party brokers. We also don't run targeted advertising or allow third parties to do so on our site. See our Privacy Policy and Cookie Policy for full details.

No. The free version requires no credit card. A credit card is only needed if you choose to upgrade to Premium when it launches, and Premium comes with a 30-day money-back guarantee.