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Canadian CoastFIRE Calculator

What is CoastFI(RE)?

CoastFIRE (or CoastFI) is a more relaxed approach to the traditional FIRE movement (Financial Independence, Retire Early).
With coastFIRE, you front-load your investments until they reach a " coast number ", the point at which your portfolio is projected to grow to your full retirement goal on its own, without any further contributions.
Once you reach your coast number, you have the ultimate flexibility to "coast" by simply covering your current expenses.
This allows you to downshift your career, change industries, or pursue interests with reduced focus on income level, all while your nest egg grows quietly in the background.

At MapleCoastFIRE, we see Financial Independence not as a race to stop working, but as a tool for optimizing one's entire journey (aiming to maximize lifetime utility).
The goal isn't just to save aggressively for a (distant) future; it's about balancing your future security with your present happiness, so you don't automatically delay your freedom and life experiences until you're older.
This is why for us, coastFIRE stands for coast-Financial Independence, Retire Early Reimagined Employment.

Disclaimer

This calculator is provided as a resource for individuals persuing or exploring CoastFIRE.
Forecasts are based solely on your inputs and best estimates.
Projections are based on specific portfolio and economic growth assumptions, so it's highly recommended to experiment with different scenarios and parameters to account for market fluctuations and personal circumstances.
This is not financial advice, but a tool to illustrate potential CoastFIRE scenarios specific to Canadian financial considerations.

Planned Future Enhancements (2025)

We're continuously working to improve this calculator. Here are some enhancements we're planning to implement:

Your CoastFIRE Numbers

Personal Information

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Your current age in years.
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The age at which you plan to fully retire and begin withdrawing from your investments.
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Your current marital status for CPP and OAS calculation purposes.

Current Investments

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Your current Tax-Free Savings Account balance. Withdrawals from TFSAs are not taxed in retirement.
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Your current Registered Retirement Savings Plan balance. Withdrawals from RRSPs are taxed as income in retirement.
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Your current non-registered investment accounts. Capital gains and dividends from these accounts are taxed.

Regular Contributions

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How often you plan to contribute to your investment accounts.
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How much you plan to contribute to your TFSA regularly.
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How much you plan to contribute to your RRSP regularly.
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How much you plan to contribute to your non-registered accounts regularly.
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Choose 'Yes' if you want to stop making contributions once you reach your CoastFIRE number.

Retirement Needs

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Your estimated monthly expenses in retirement in today's dollars, including taxes on withdrawals from non-TFSA accounts.
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The percentage of your retirement portfolio you plan to withdraw annually. The traditional safe withdrawal rate is 4%.
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The expected annual inflation rate used to adjust your future expenses. The Bank of Canada targets 2%.
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Your expected average annual investment return before inflation.

Government Pension/Benefits

Your Government Pension & Benefits

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Your expected monthly Canada Pension Plan benefit. Maximum is about $1,300 but average is around $700.
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Your expected monthly Old Age Security benefit, approximately $650 for most retirees.