Planning Your Dream Retirement

What does your dream retirement look like?

Whatever your age or situation, whether you're working or completing your studies, one thing's for sure: The best retirement is planned well in advance—and it's never too soon to start.

"He who has begun is half done."

– Horace, Roman poet

When it comes to my retirement, should I settle for less now to dream big later?

Feel free to ask an advisor

_{Make an appointment}

4 things to think about when planning your retirement

Identify your goals and plans

First, you need to figure out what your ideal retirement would look like.

What lifestyle are you aiming for?
What interests would you like to pursue?
How would you like to spend your time?
Are you interested in working after retirement?

Calculate your retirement needs by answering a few quick questions.

Plan my retirement

Think about a time frame

With retirement starting as early as 55, and life expectancies going up, your retirement could last 40 years or more!

Graph showing average Canadian life expectancy at birth is 81.7 years

Set aside personal savings

The income stemming from a government pension is rarely enough to live comfortably on. You need to boost your income through a complementary pension plan (pension fund), personal savings, real estate investments or casual work.

To find out how much you can save, get a clear picture of your income and expenses using our budgeting tool.

Make a budget

It pays to start saving now!

When you have financial responsibilities in the present, putting aside money for the future is not always a priority. It may not seem like much, but you can end up with a considerable nest egg by making small, regular investments and starting early.

Time is on your side when it comes to saving!