Actions6
Plan → Get Detailed Projections
AI-generatedSummary
Calculate detailed yearly retirement projections for an individual or couple based on specified financial parameters and scenario settings.
Inputs
- Scenario Type (required) — Choose between 'Individual' or 'Couple' scenarios to specify the number of persons in the projection.
- Person 1 - Name (required) — Name of the first person in the scenario.
- Person 1 - Current Age (required) — Current age of Person 1.
- Person 1 - Retirement Age (required) — Retirement age for Person 1.
- Person 1 - Death Age (required) — Expected age of death for Person 1.
- Person 1 - RRSP Balance (required) — Registered Retirement Savings Plan balance for Person 1.
- Person 1 - TFSA Balance (required) — Tax-Free Savings Account balance for Person 1.
- Person 1 - Non-Registered Balance (required) — Non-registered investment balance for Person 1.
- Person 1 - Non-Registered Cost Basis (ACB) — Adjusted cost basis for non-registered balance of Person 1; if 0, defaults to 90% of balance.
- Person 2 - Name — Name of second person if scenario type is 'Couple'.
- Person 2 - Current Age — Current age of Person 2 if scenario type is 'Couple'.
- Person 2 - Retirement Age — Retirement age for Person 2 if scenario type is 'Couple'.
- Person 2 - Death Age — Expected age of death for Person 2 if scenario type is 'Couple'.
- Person 2 - RRSP Balance — RRSP balance for Person 2 if scenario type is 'Couple'.
- Person 2 - TFSA Balance — TFSA balance for Person 2 if scenario type is 'Couple'.
- Person 2 - Non-Registered Balance — Non-registered balance for Person 2 if scenario type is 'Couple'.
- Person 2 - Non-Registered Cost Basis (ACB) — Adjusted cost basis for Person 2's non-registered balance; default 90% if 0.
- Province (required) — Select Canadian province to adjust calculations for relevant tax/regulatory context.
- Additional Options — Options including base TFSA room, expected returns, inflation rate, survivor expenses, income splitting, and whether to calculate GIS.
- Person 1 - Additional Fields — Additional financial and personal parameters for Person 1 like annual contributions, CPP/OAS start ages, pension settings, and RRSP meltdown enablement.
- Person 2 - Additional Fields — Additional financial and personal parameters for Person 2 in couple scenarios.
- Person 1 - DB Pension — Defined benefit pension details for Person 1 including income amount, indexing, survivor benefits, and guarantee period.
- Person 2 - DB Pension — Defined benefit pension details for Person 2 in couple scenarios.
- Person 1 - Withdrawal Weights — Initial withdrawal percentages from non-registered, RRSP/RRIF, and TFSA accounts for Person 1.
- Person 1 - Fallback Order — Custom ordered fallback sequence of accounts for withdrawals after initial weights for Person 1.
- Person 2 - Withdrawal Weights — Withdrawal weights for Person 2 if scenario is 'Couple'.
- Person 2 - Fallback Order — Fallback withdrawal order for Person 2 in couple scenarios.
Output shape
a single JSON object containing detailed yearly retirement projections as returned by the NowCapital API endpoint 'calculate-max-spend-with-yearly-data'.
The response includes detailed yearly financial projections for the scenario defined by the input parameters. This operation sends a POST request to the NowCapital API with all provided parameters combined into a structured payload. No pagination or streaming applies; the output is the direct API JSON response encapsulated in the node output.
Examples
Example 1: Individual scenario with Person 1 aged 55, planning retirement at 65, providing current RRSP, TFSA, and non-registered balances, plus additional financial details, to calculate detailed yearly retirement spending projections.
Set Scenario Type to 'Individual', fill Person 1 fields with relevant ages, balances, and optional contributions and pension info, specify province and optional additional parameters.