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Canadian Life Expectancy Calculator

Calculate your life expectancy based on Canadian mortality data (CPM2014) for better financial planning. Understand survival probabilities and retirement planning horizons.

Canadian Life Expectancy Calculator

Understand your life expectancy based on Canadian mortality data for better financial planning

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Based on Canadian mortality tables with gender-specific patterns

Understanding Life Expectancy Calculations

1
Mortality Tables
Life expectancy calculations use actuarial mortality tables that show the probability of death at each age. The CPM2014 table is based on Canadian pensioner mortality data.
Survival probability = 1 - Mortality rate at age X
2
Gender Adjustment
Women typically live 4-5 years longer than men on average. This is reflected in the base life expectancy calculations.
Female life expectancy ≈ Male life expectancy + 4.2 years
3
Conditional Probability
Survival probabilities are conditional - they represent the chance of reaching a target age given you're alive today. This increases your effective life expectancy compared to birth statistics.
P(reach 85 | alive at 65) > P(reach 85 | alive at birth)
4
Planning Scenarios
Financial planners use different scenarios to account for uncertainty. FP Canada recommends planning to at least age 95 for most clients.
Conservative: Life expectancy + 1 standard deviation (≈ 10-12 years)

Calculation Notes

• Life expectancy is an average - 50% of people live longer than this age
• FP Canada standards require plans to age 95 minimum for adequate coverage
• Individual health, lifestyle, and genetics significantly affect actual lifespan
• These calculations are for financial planning only, not medical predictions
• Mortality improvements over time are factored into CPM2014 projections

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About This Calculator

v1.0
Updated: January 2025

Plan your financial future with confidence using Canadian mortality data. This calculator uses the CPM2014 (Canadian Pensioners' Mortality) table to provide accurate life expectancy estimates for financial planning.

Key Features

  • Based on CPM2014 Canadian mortality tables
  • Gender-specific longevity calculations
  • Survival probabilities for key ages (65, 70, 75, 80, 85, 90, 95)
  • Conservative, average, and optimistic planning scenarios
  • FP Canada guidelines for retirement planning
  • Time perspective visualization (years, days, weekends)
  • Financial planning insights and recommendations

When to Use This Calculator

  • Retirement Planning: Understand your planning horizon to determine how long your retirement savings need to last.
  • Insurance Decisions: Evaluate life insurance needs based on your expected lifespan and family situation.
  • Estate Planning: Plan estate distribution and gifting strategies with realistic time horizons.
  • Healthcare Decisions: Make informed decisions about long-term care insurance and healthcare needs.
Free to Use
Canadian-Specific
No Registration Required
Real-Time Calculations