According to a retirement survey by BMO, Canadians require approximately $1,540,000 for a comfortable retirement.
Is that amount sufficient?
According to a retirement survey by BMO, Canadians require approximately $1,540,000 for a comfortable retirement.
Is that amount sufficient?
Depends on when you retire but it doesn't really sound like it. I'm in the U.S. but I'm thinking I need a minimum of $2,000,000...probably somewhat more by the time I actually retire.
"The amount sounds ideal, but with inflation and rising living costs, will it really be enough in the future?"