How Much Do I Need to Retire?

While everyone's number is different it isn't impossible to answer this question if you carefully consider your own personal situation and how you want to live in your retirement.

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Sources of Income during Retirement

Where is the money coming from to retire in comfort?

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How much will I get from Government Programs?

Will the Canada Pension Plan (CPP) and Old Age Security (OAS) be enough?

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How much will I need?

Is $1,000,000 at 65 enough for a comfortable retirement?  What's your "number"?

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©2020 BY SMART INVESTING FOR CANADIANS

All articles herein are presented as an educational resource and should not be considered as professional financial or individualized investment advice. Readers should always exercise their own judgement when making any decisions about their money.

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