How Much Do I Need To Retire? 50 Year Old Retiring At 65 Years Old In Canada

When you're planning out your retirement, it's very easy to get overwhelmed with all of the factors that you have to consider. You have to consider what your income will be from your government pensions (Canada Pension Plan (CPP), Old Age Security (OAS), etc.), work pensions, investments, etc. With all of these things to consider, it's hard to understand how to manage all of it and makes it very hard to know if you're on the right track or not.

If you're 50 years old, This video is a breakdown of everything that you need to consider and how much you really need to retire comfortably without having to worry about running out of money before the age of 90 years old. This includes factors such as inflation, rate of return, contributions, expected income from sources outside of government pensions, retirement lifestyle, etc.

This video is for informational purposes only and should not be used as financial advice

0:00-0:23 - Introduction
0:23-2:15 - Assumptions
2:15-3:35 - How Much Do I Need To Retire?
3:35-4:40 - What If My Investments Don't Do As Well?
4:40-5:07 - Reminder About Risk
5:07-6:53 - Do I Really Need This Much To Retire?
6:53-7:40 - Outro