This NEW Retirement Calculator Makes NO Sense For Canadians

In this episode of AskTMFG, John Iaconetti and Carlo Cansino dig into a tool most people trust without question: the free online retirement calculator. It looks simple, professional, and authoritative. Plug in your age, income, and savings, and it returns a clear chart showing whether you're on track. The problem is that these calculators are quietly getting the answer wrong for millions of Canadians. They unpack four flaws that show up across virtually every standard calculator: a flat 3% inflation rate applied to all expenses even though healthcare rises while other costs fall, a static average investment return that ignores real market volatility and sequence-of-returns risk, an assumption that spending stays flat through retirement when it actually dips in the middle years before rising again, and little to no accounting for tax-efficient withdrawal strategies.  They determined that standard calculators are built for simplicity, not accuracy, and that gap can cost you years of your life you didn't need to work. Getting a true picture means adjusting for category-specific inflation, sequence-of-returns risk, a realistic spending curve, and tax-optimized withdrawals, all specific to your own numbers, not a generic model. 👉 Watch the full episode here: https://youtu.be/Xl_6SWVU8Ns  Question for our listeners: Have you ever run your numbers through a free retirement calculator — and how confident are you that its answer was actually right? 👉 Complimentary portfolio analysis: https://tmfg.ca/portfolio-analysis/ Follow us: LinkedIn: The McClelland Financial Group Facebook: https://www.facebook.com/tmfg.ca Instagram: https://www.instagram.com/themcclellandfinancialgroup_/