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| Pension Concerns | RRSPWrap |
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An Example |
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Private Owner |
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Male, age 45, non-smoker |
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Projected Final Salary |
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Current salary of $200,000
indexed at 5% and projected to age 65
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$ 505,390 |
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Desired Annual Pension |
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Final 5-year average salary
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$ 459,496 |
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70% (2% x 35 years of service)
of final 5-year average salary |
$ 321,647 |
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Projected annual pension with a
current RRSP balance of $150,000, 5.5% |
$ 104,853 |
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Pension shortfall with a
growth rate of |
$ 216,794 |
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