How much is enough to fund my retirement? (Canadian)

ACalculator is useful to analyze the investment savings and distributions to know how much contribution is enough to fund your retirement. This calculator will find out the monthly distribution amount that will lead you to end up your return on investment. Insert your contribution amount, starting balance, number of years to contribute and get a graphical view of your balance by year with a complete amortization schedule.
Your age
Input your present age.
Years to contribute
The number of remaining years you are expecting to add money to the savings fund. Input zero in this field just in case you want to withdraw instantly.
Rate of return
The yearly expected rate of return from your chosen investment. In real life, the actual rate of return may not be the same, rather lower, as the investors are willing to have constant and stable inflows of funds and therefore invest with a conservative approach. As high return is subject to high risk, you can choose short-term investment opportunities to offset the time volatility and higher risk premium. Theoretically, this is the future rate of inflows predicted at present time. So, it is usual that the actual return will fluctuate that of expected.
Beginning balance
Your current amount of investment; found by adding Annuities, Allowances, IRAs and all other sources of investment savings.
Contribution amount
The amount that you are willing to add to the starting balance periodically. An important assumption while calculating the periodical amount to contribute is that, you will make all your contributions at the start of each period (week, month, quarter, or year).
Expected inflation
The expected rate of increase in the general level of prices.
Contribution frequency
This reflects how regular you are going to contribute to the fund. There are seven options for you to choose from the drop down menu including weekly, bi-weekly, twice monthly, monthly, quarterly, semi-annually, and annually.Inflation adjustments and your contributionsIf you want to get a contribution amount that will be adjusted (increase) every year for a given inflation rate, pick out the ‘Adjust contributions annually for inflation’. Else, select ‘No adjustment for inflation’ to get a flat rate.
Previously you have chosen the ‘Years to contribute’. Now, select ‘Calculate maximum withdrawal’ to get the amount of distribution it will take to run out the total fund by keeping the contribution year constant. The other option will let you know the time it will take to run out the total fund by keeping the withdrawal amount constant.
Withdrawal beginning balance
This will show you the accrued balance when you haven’t gone for any distribution yet. Simply, it’s the beginning balance before the withdrawals.
Withdrawals to last
The time for which you want the fund to be available for withdrawals. To activate this field select the ‘Calculate time balance will last’.
Withdrawal amount
To activate this field you need to select the ‘Calculate maximum withdrawal’. This will calculate the amount of distribution or withdrawal to run out the total fund in specified periods assuming the outflows will take place at the beginning of those periods.Inflation adjustments and your withdrawalsACalculator is designed to let you find the withdrawals by adjusting the inflation. Under this section, there are three options for you to choose the appropriate one. You will get a higher amount of withdrawal at the end of every single year if you choose the ‘Inflation adjustment begin with withdrawals’. Using ‘inflation adjustments begin immediately’ this calculator can also explain your cost to offset the changes in purchasing power by adjusting the balance for inflation taking place immediately. Incidentally, if you are not interested to adjust the inflation, simply choose ‘No adjustment for inflation’.
Frequency of withdrawal
This shows how regular you are going to withdraw every year. Seven options are available starting from weekly to annual withdrawals.