Income in retirement: How much will you make?

Young people expect a plush retirement income of $95K a year

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From the November 2014 issue of the magazine.

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This year we decided to look at how our retirement income expectations change as we age. As you can see below, the 2014 BlackRock Investor Pulse study found that Canadians in their 20s and early 30s feel confident and in control, expecting a plush retirement income of almost $95,000 a year. But as we enter our late 30s and early 40s, reality hits and our confidence plummets—as does our expected income. Luckily, in our 50s and 60s some of that confidence returns, even though our income will be much less than we thought.

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Source: BlackRock Investor Pulse study 2014, September 2014

2 comments on “Income in retirement: How much will you make?

  1. What you think you will need in retirement and what you will end up with is a different story. Many in my age group (early 50’s) have saved very little or nothing and still carry large amounts of debt. Saving for retirement is the last thing on their minds and most will end up with little more than CPP/OAS. What is worse is that many are counting on their “house” to help them finance their retirement. It will be very interesting to see how this all pans over the next 10 years or so as the boomer bulge continues to work through the system. IMHO it will look ugly.

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    • the secret to a peace of mind retirement….#1.Your health..Dont got that? What else really matters…So Take care of YOU….No Cigs .No Booze .Keep active./Keep them bones strong…Also #2 Own your (No matter how humble) Roof.. Condo/house..The rest is groceries etc…So do those two things and don’t worry be happy.

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