RBC Royal Bank
image RBC.com | Search | Site Map | Contact Us | Legal Terms | Français  
image
Other RBC Sites:
image Banking Investments Insurance

SIGN IN
RBC ROYAL BANK
 
RETIREMENT
Retirement Planning
 
SAVING FOR RETIREMENT
Saving Strategies
Investment Strategies
Understanding RRSPs
Rules & Regulations
 
PLANNING FOR RETIREMENT
Preparation & Planning
Working Out The Details
Early Retirement
Your Retirement Calendar
 
MANAGING YOUR RETIREMENT
Sources of Retirement Income
Converting your RRSPs to Income
 
RATES
 
SEARCH
Retirement

Preparation & Planning

 

Introduction

"How much money do I need to retire?"

This is the one question that most people ask. Unfortunately, there's no simple answer.

The 70% Solution

While some experts recommend a retirement income equal to approximately 70% of your pre-retirement income to maintain your current standard of living, that number is only a benchmark.

The exact amount you'll need in retirement depends entirely on you and the choices you make regarding the following topics:

retirement lifestyle including housing and leisure
health & longevity
financial resources
financial obligations
timing

RBC Insurance® - Term life insurance quote in 2 easy steps. GET A QUOTE from RBC Insurance.
Jump to
Introduction
Lifestyle
Health & Longevity
Financial Resources
Financial Obligations
Timing

Take Action
  Contact a personal banker
  Purchase and manage your RBC Royal Bank RRSPs online

Tools
  Future Value Calculator
  Net Worth Worksheet
  Annual Retirement Income Worksheet
  Annual Retirement Expense Worksheet
  Minimum Annual Income Calculator

Related Links
  RRSPs
  Financial Planning
  Insurance

Learn More
  Travel Essentials
  Estate Planning
 

 rbcroyalbank.com is operated by Royal Bank of Canada.
Privacy | Legal Terms | Security
 © Royal Bank of Canada 1995 - 2008 Last modified: 06/15/2006 17:56:11