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Retirement Planner: UK, Canada and Australia

Can you retire at 60, 62 or 65? A spreadsheet that works out every year from now to 95 for you, or the two of you: pay and pension contributions, your pensions and drawdown, the State Pension, CPP and OAS or the Age Pension, savings, and the tax on all of it, with the rules of the country you retire in.

Free first: can I retire at 60?

Our free calculators run the same rules and give you the headline answer in a minute: how long your money lasts, and what retiring at 60, 62 or 65 changes.

United KingdomFree calculatorCanadaFree calculatorAustraliaFree calculator

What is in the planner

  • Three editions. United Kingdom, Canada and Australia, each with its own pensions, benefits and tax, and a filled-in worked example for each.
  • Start here. Your details and your partner’s side by side, your assumptions, and the answers: the age your money lasts to, the years to bridge before your public pension, what you have when you retire, and the tax you pay in retirement.
  • Plan. Every year to 95: pay, work pensions, State Pension or CPP, OAS and GIS or the Age Pension, a UK State Pension (frozen in Canada and Australia), drawdown, each tax, income after tax, spending, what comes from savings, anything not covered and the money left. In today’s money or future money.
  • Scenarios. Three versions of your plan side by side: retire at different ages, spend more or less, and see when the money runs out for each, with a chart of the money left.
  • Rules. Every rate and limit with its official source (gov.uk, canada.ca, Services Australia, ATO) and the date we read it.

The worked examples

Each edition comes with a fictional couple asking “can we retire at 60?”. If the first of them retires at 60, 62 or 65, their money lasts:

ExampleAt 60At 62At 65
United Kingdom: married couple in England, born 1969 and 1970, spending £48,000 a year to 84to 90past 95
Canada: couple in British Columbia, both 57, one who moved from the UK at 33, spending C$90,000 a year to 85to 91past 95
Australia: couple who own their home, aged 58 and 56, one with a UK State Pension, spending A$92,000 a year to 88to 92past 95

Pensions and savings at 60, in today’s money: United Kingdom£567,855, CanadaC$1,151,571, AustraliaA$1,129,854.

See inside

Real pages from the worked examples that come with your purchase. Tap any page to see it full size.

Start here tab: UK edition: your plan and the answers, how long your money lasts, the years to your State Pension, what you have when you retire
Start here. UK edition: your plan and the answers, how long your money lasts, the years to your State Pension, what you have when you retire.
Plan tab: UK edition: every year to 95, State Pension, drawdown, tax-free cash, income tax and NI, and the money left
Plan. UK edition: every year to 95, State Pension, drawdown, tax-free cash, income tax and NI, and the money left.
Plan tab: Canada edition: CPP, OAS, GIS, RRIF withdrawals, tax and OAS clawback, year by year
Plan. Canada edition: CPP, OAS, GIS, RRIF withdrawals, tax and OAS clawback, year by year.
Rules tab: Canada edition: every rate and limit, and every province, with its official source and the date it was read
Rules. Canada edition: every rate and limit, and every province, with its official source and the date it was read.
Scenarios tab: Australia edition: retire at 60, 62 or 65 side by side, and the money left at each age
Scenarios. Australia edition: retire at 60, 62 or 65 side by side, and the money left at each age.

Questions

What does the planner do that the free calculators do not?
It is yours to keep and change: both of you with your own ages, pay, pots and pensions; three scenarios side by side (retirement age and spending); every year to 95 with each tax line, each public pension and each drawdown on separate rows; and every rule on one tab you can update after each Budget. Your figures stay on your computer.
Do I get all three countries?
Yes. One purchase gives you the UK, Canada and Australia editions, each with a filled-in worked example. Useful if you are moving between them, or have a UK State Pension and retire in Canada or Australia (where it is frozen).
Does it use the same rules as the calculators?
Yes. The spreadsheet runs the same year-by-year rules with ordinary formulas, and our tests recalculate each edition and check it gives the same figures as the website for six households each, year by year.
Which rules are included?
United Kingdom: State Pension age by date of birth (66 to 68, with months), £250.70 a week from April 2027, 25% tax-free cash within the £268,275 Lump Sum Allowance, minimum pension age 57 from April 2028, drawdown taxed as income, England/Wales/NI or Scottish bands frozen to 2030-31, National Insurance. Canada: CPP from 60 to 70 and OAS from 65 to 70 (pro rata to years in Canada, +10% at 75), the OAS recovery tax over $95,323, GIS on last year’s income, RRIF minimums, pension income splitting, federal and provincial tax for every province and territory except Quebec, and a frozen UK State Pension. Australia: super from 60, tax-free; account-based pension minimums; the Age Pension from 67 under the income test (deeming, Work Bonus) and the assets test, homeowner or not; tax with the 14% band from 2027-28, SAPTO, LITO and the Medicare levy; and a frozen UK State Pension.
What is not included?
Quebec (QPP and Quebec tax), the Canadian Allowance for partners aged 60 to 64, Australian Division 296 tax on balances over $3m, UK Marriage Allowance and the not-yet-legislated Pension Tax Allowance, inheritance tax on pensions, annuities, and tax on investment income outside pensions (enter growth after tax). Each edition’s Rules tab lists what it leaves out.
When do the figures change?
UK: each April and after each Budget (the next is autumn 2027). Canada: each January (tax, CPP) and each quarter (OAS, GIS). Australia: 20 March and 20 September (Age Pension) and 1 July (tax, super). Every figure is on the Rules tab with its source; you change one cell, or download the updated file free.
Does it work in Google Sheets?
Yes. Upload the file to Google Drive and open it with Google Sheets. It also works in Excel (Windows and Mac) and LibreOffice. Standard formulas only, no macros.
Is this financial advice?
No. It is a planning and estimating tool built on the published rules. Growth, inflation and spending are your assumptions. For a decision about your pension, talk to a qualified financial adviser.
What if it isn't right for me?
Ask for a refund within 14 days and you get your money back, even after downloading. See the refund policy.
Planning to retire in Ireland?
The Irish Retirement Planner does the same for Ireland: lump sum tax, ARF drawdown, State Pension at 66, income tax, USC and PRSI, and a UK State Pension that keeps rising there.

Rules read on 9 November 2026 on gov.uk and legislation.gov.uk (after Budget 2026), canada.ca and the Justice Laws site, Services Australia, the DSS Social Security Guide and ato.gov.au; the full lists are on the calculator pages and in each edition’s Rules tab. General information, not advice.