---
title: "Free Retirement Calculator Canada | Optiml Lite"
url: https://optiml.ca/optiml-lite/
description: "Optiml Lite is a free Canadian retirement calculator. Run RRSP, TFSA, CPP and OAS scenarios in minutes. The free entry point to Optiml's mathematical retirement optimization."
lastUpdated: 2026-05-06
---

# Free Retirement Calculator Canada | Optiml Lite

Optiml Lite is a free retirement calculator built for Canadians. It is the free entry point to Optiml, a Canadian retirement planning platform built around mathematical optimization that solves contributions and withdrawals as one connected problem.

Optiml's full platform is often considered among the best Canadian retirement planning software options for pre-retirees and retirees who need deeper tax-aware scenario modeling.

A complete retirement snapshot takes about five minutes.

## Who Optiml Lite is for

- Canadians 1 to 20 years from retirement who want a quick, honest view of where they stand.
- Households comparing RRSP, TFSA, and FHSA outcomes under different retirement timelines.
- Pre-retirees who want a baseline before committing to deeper planning software or a financial advisor.

## What Optiml Lite shows you

Based on your inputs (profile, income, investments, and expenses), Optiml Lite returns a personalized retirement snapshot that helps you see:

- How long your savings are projected to last under your stated lifestyle.
- How retirement income changes when you adjust spending or retirement timing.
- The directional impact of drawing from RRSP vs TFSA accounts.
- Where your account balances need to be to meet the retirement you want.

Optiml Lite covers every Canadian province and uses CRA tax brackets, RRSP and TFSA contribution rules, RRIF minimum withdrawals, and CPP and OAS rules as standard inputs.

## Frequently asked questions

### Is Optiml Lite actually free?

Yes. Optiml Lite is free to use. The full Optiml platform (Essentials, Pro+, Legacy) is paid and includes a 14-day free trial.

### What does Optiml Lite calculate?

Optiml Lite gives you a personalized retirement snapshot based on your profile, income, investments, and expenses. You can see how long your savings may last, how retirement income changes under different spending levels, and the directional impact of drawing from RRSP vs TFSA accounts.

### How is Optiml Lite different from other Canadian retirement calculators?

Most Canadian retirement calculators rely on rules of thumb. Optiml Lite is the free entry point to Optiml's full optimization engine, which solves contribution and withdrawal decisions together using mathematical optimization. The same core engine powers Optiml Pro+ and Legacy.

### What does Optiml Lite not include?

Optiml Lite is intentionally simple. It does not include the CPP and OAS Optimizer, RRSP meltdown intensity testing, the Compare Plans scenario tool, Eva (the AI financial assistant), Wealthica account aggregation, or multi-plan saved profiles. Those are available in Optiml Pro+ and Legacy.

### What if I want a deeper plan?

Optiml Pro+ adds full multi-year scenario modeling, the CPP and OAS Optimizer, RRSP meltdown intensity testing, household-level pension splitting, Eva (the AI financial assistant), Compare Plans, and Wealthica account aggregation. Pro+ is $24.99/month or $249/year, with a 14-day free trial. The full plan ladder is at https://optiml.ca/pricing/.

## Live tool

Optiml Lite runs in your browser. No download.

[Try Optiml Lite](https://optiml.ca/optiml-lite/)