How Much Do You Need For Retirement

Historically, Canadians were told to budget for a retirement that required about 60 to 70% of your pre-retirement dollars (depending of course on planned age of retirement and life expectancy).

Since then, however, analysts have realized that this is an inaccurate representation of the cost of retirement.

Due to increased life expectancy, increased cost of living, and individuals being more active in retirement, the thinking now is that your target should be closer to 80% of your pre-retirement dollars.

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