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Saving for retirement
How confident are you that your money will last in retirement? According to the 2015 Sun Life Financial Canadian Unretirement Index, that depends on whether you’re still working.
Canadians are worried about running out of money in retirement
Working Canadians are two-and-a-half times more likely than retired Canadians to believe they will outlive their retirement savings
36% of workers believe they will outlive their retirement savings
14% of retirees believe they will outlive their retirement savings
Today’s workers expect to work longer
Workers’ average expected age at retirement: 64
Retirees’ actual age at retirement: 61
Canadians who have a financial advisor are more likely to be confident about their financial future
With an advisor
93% confident about covering basic living expenses
84% confident about covering medical expenses
No advisor
75% confident about covering basic living expenses
65% confident about covering medical expenses
For more tips and tools to help you reach your financial goals, visit: sunlife.ca
Source: 2015 Sun Life Financial Canadian Unretirement Index based on the findings of an Ipsos Reid poll survey conducted of 3,000 working Canadians from 30 to 65 years of age and 400 retired Canadians between December 5 and 22, 2014.
© Sun Life Assurance of Canada 2015.
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We acknowledge that Sun Life operates in many Territories and Treaties across Canada. Our Canadian headquarters in Waterloo are on the traditional territory of the Anishnaabeg, Haudenosaunee Confederacy and the Mississaugas of the Credit First Nations.
Today, Canada is still the home to many Indigenous, First Nations, Inuit, and Metis peoples from all across Turtle Island. We are grateful to have the opportunity to work in this territory. We offer this acknowledgment as a stepping stone towards honouring the original occupants, as a testimony to the oppression faced by Indigenous peoples, and our commitment to Indigenous communities and employees of Sun Life.
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