Plan for the big one-off moments
Most retirements include a few large sums that arrive or leave all at once. Add them to your plan and Scenario Lab+ shows what each one does to every year that follows.
Gary is an example retiree from Ontario who retired at 60 with $500K. Scenario Lab+ shows the year his downsize lands and every year after.
- At 70 Gary sells the house for $550,000 and buys a condo for $400,000. The $150,000 difference goes into his savings.
Start from what's actually happening
Pick a downsize, an investment property, an inheritance, or describe something of your own. Enter the amounts in today's dollars and the age it happens.
Tell us where the money goes
Money coming in typically lands in non-registered or cash savings. Money going out can come from cash, non-registered, TFSA, RRSP, or RRIF accounts. For a couple, a joint event can be shared between both partners' accounts.
Tax impact of one-time events
Selling your principal residence or receiving an inheritance adds no tax. A gain on a cottage or a rental is taxed as a capital gain, and a lump sum such as severance as income, in the year it happens. You enter the gain yourself, so the estimate follows your own cost base.
How these rules work
Worth reading if you would rather understand the rules than take our word for the numbers.
Why pay for Scenario Lab+?
We built Loonie Nest for our family, colleagues, and friends. Not for the big banks or advertisers. Staying independent keeps us focused on our mission - making financial tools and education accessible for all Canadians.
Your subscription directly funds ongoing development of the planner, and is shaped by feedback from the 15,000+ people who've already built a plan with it.
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For every household
A plan from a financial advisor can run $3,000 or more. Scenario Lab+ gives you that same depth for $79 a year.
Privacy comes first
Free tools make money from ads, connecting to your bank accounts, or by selling your information. We just sell subscriptions.
Funded by the people who use it
Loonie Nest grows through customers, not outside investors. That keeps us focused on the planner, not someone else's growth targets.
What people are saying
I recently signed up for Scenario Lab+ and so far I'm quite satisfied. It's a great product I wouldn't hesitate to recommend to others.
The tool is well designed and I can see where it would help those looking to see if they are on track.
Just tried it out for shifts and kicks and it calculated the same earliest retirement year as my spreadsheets. Great, easy to use tool.
I tried the savings goal calculator (mid 30s here) and found it very easy and clear to understand. I'm a good saver but always been intimidated to figure out how I'm doing for retirement. This made it easy to know I'm doing just fine.
This app was pretty quick to figure things out and really easy to use. App looks polished, the colours look good and it's simple to use.
Love the UI and actionable recommendations at the end. Reminds me of Wealthsimple.
This is awesome! Love seeing more financial planning tools being made available to Canadians.
I'm president of a local union in Langley. Great website. Simple and effective. Looks like a good tool for our members.
Common questions
Your plan is one decision away.
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Your household
- ✓Couples planning, two incomes in one view
- ✓Tax optimized pension income splitting
- ✓Save and revisit your plans
CPP and OAS
- ✓CPP and OAS timing strategy
- ✓OAS clawback detection
- ✓Year-by-year tax breakdown
Drawing it down
- ✓Decumulation strategy and withdrawal order
- ✓RRSP/RRIF and TFSA withdrawal modelling
- ✓Priority email support
Scenarios and output
- ✓Unlimited what-if scenarios
- ✓Export your full plan to Excel
Billed $79 annually. Cancel anytime.