Canadians want to retire by 61, amid financial concerns: CIBC poll
BNN Bloomberg
A new poll has found that Canadians aim to retire by the age of 61 on average, while more than half of individuals not yet retired are uncertain about how they will wind their career down at that age.
The poll conducted by the Canadian Imperial Bank of Commerce (CIBC), released Thursday, said that 57 per cent are concerned about how they will achieve their retirement goals by their desired age. Additionally, 66 per cent of non-retired respondents are concerned they might run out of money during their retirement.
Forty-one per cent indicated they are confident they are saving enough to fulfill their retirement ambitions.
Amid widespread retirement concerns, the survey found that 85 per cent of non-retired Canadians have no official plan to achieve their retirement goals.
