Please accept the terms and conditions before continuing:
[gateway-attention-terms]
[gateway-attention]
THIS SITE IS INTENDED FOR CANADIAN INSTITUTIONAL INVESTORS ONLY. IT IS NOT INTENDED FOR THE GENERAL PUBLIC OR FOR INVESTORS THAT DO NOT RESIDE IN CANADA BY ACCEPTING THIS TERMS OF USE AGREEMENT, YOU CONFIRM THAT YOU ARE ENTITLED, UNDER THE SECURITIES LEGISLATION OF YOUR PROVINCE OF RESIDENCE, TO PURCHASE SECURITIES WITHOUT THE BENEFIT OF A PROSPECTUS BECAUSE YOU ARE (I) AN “ACCREDITED INVESTOR” WITHIN THE MEANING OF NATIONAL INSTRUMENT 45-106 PROSPECTUS AND REGISTRATION EXEMPTIONSAND/OR (II) A “PERMITTED CLIENT” WITHIN THE MEANING OF NATIONAL INSTRUMENT 31-103 REGISTRATION REQUIREMENTS, EXEMPTIONS AND ONGOING REGISTRANT OBLIGATIONS.
If you are a Canadian resident and seek information on products and services available to the general public, please visit the Franklin Templeton public website at franklintempleton.ca. If you do not reside in Canada, please visit our international websites link for assistance with products and services legally available in your place of residence.
Nothing on this Site shall be considered a solicitation to buy or an offer to sell a security, or any other product or service, to any person in any jurisdiction where such solicitation, offer, purchase or sale would be unlawful under the laws of that jurisdiction.
Please read the Terms of Use Agreement and indicate your acceptance.
Don't have an account?
Don't have an account?
Franklin Templeton’s RISE Survey explores attitudes and concerns about preparing for and living in retirement. Learn more about what people are doing to build preparedness and confidence, while balancing various financial priorities.
Get Started
79%
of Canadians believe you should start saving for retirement by your 30th birthday
41%
of Canadians started (or plan to start) saving by then
Balancing today’s priorities with tomorrow’s goals
Competing short- and long-term goals can hinder progress. Of retired Canadians who feel they didn’t save enough for retirement:
blame their shortfall on prioritizing debt repayment over saving for retirement
blame an unexpected life event or expense for setting them back
20s
Paying off unsecured debt
Saving for a home purchase
Having sufficient savings to cover unexpected expenses
30s
Having sufficient savings to cover unexpected expenses
Saving for retirement
Paying off unsecured debt
40s
Saving for retirement
Paying off unsecured debt
Having sufficient savings to cover unexpected expenses
50s
Saving for retirement
Having sufficient savings to cover unexpected expenses
Paying off unsecured debt
60+
Saving for retirement
Having sufficient savings to cover unexpected expenses
Paying off unsecured debt
Focus on retirement income plans important in the decade before retirement
75%
are confident they understand how much they will need for expenses
but...
73%
are stressed about potentially outliving their savings
and...
48%
have never developed a retirement plan
Target retirement dates are personal
More than half of working Canadians who are 65 years or older are still working because they enjoy it.
42%
of pre-retirees say they would postpone retirement if they didn’t have enough saved, but 1 in 5 retirees retired due to circumstances beyond their control, such as a lay-off or health concern.
36%
of pre-retirees say their target retirement date is based on an age-related milestone and the most popular reason they’ve chosen a specific age is societal norm.
Hindsight sheds light on how expensive
56%
“I should have saved more”
61%
“Expenses remained the same or increased”
For those who worry about life in retirement, professional advice may help
66%
of Canadian retirees say that they're stressed about potentially running out of money.
Canadians who work with an Investment Advisor, compared to those who never have, are...
More confident in their planned retirement date
Less likely to be stressed that they will outlive their money
Less likely to be stressed about whether they’ll have the retirement lifestyle they expect(ed)
1. Set a financial strategy early
Build your emergency savings nest egg and don’t dip into it unless you really need to
Consider tools and resources that can help you with various financial priorities
2. Set clear goals and measure against them
Take a holistic view of your financial picture and develop an appropriate strategy from there
Educate yourself on the types of expenses you might expect in retirement
3. Prepare for the unexpected
Be prepared with a clear plan in case you are no longer able to manage your finances
Have a backup plan in case your needs and circumstances change
Explore our latest retirement insights
Saving for Retirement: RRSP or TFSA?
Here are some considerations.
Saving automatically might help you reach your goals sooner.
Practice management insights you may be interested in:
About RISE
Franklin Templeton’s Retirement Income Strategies and Expectations (RISE) is a proprietary research study. This project not only raises awareness about Canadian retirement living and preparedness, it helps us create even better resources to support our partners and Canadians’ financial planning needs.
In the News
Methodology
The Franklin Templeton Retirement Income Strategies and Expectations (RISE) survey was conducted online among a sample of 2,004 adults 18 years of age or older. The survey was administered between January 31 and February 11, 2020, by ENGINE’s online CARAVAN®, which is not affiliated with Franklin Templeton. Data is weighted to gender, age, and geographic region. The custom-designed weighting program assigns a weighting factor to the data based on current population statistics.
All financial decisions and investments involve risks, including possible loss of principal.
This communication is general in nature and provided for educational and informational purposes only. It should not be considered or relied upon as legal, tax or investment advice or an investment recommendation, or as a substitute for legal or tax counsel. Any investment products or services named herein are for illustrative purposes only, and should not be considered an offer to buy or sell, or an investment recommendation for, any specific security, strategy or investment product or service. Always consult a qualified professional or your own independent financial advisor for personalized advice or investment recommendations tailored to your specific goals, individual situation, and risk tolerance.
Franklin Templeton does not provide legal or tax advice. Federal and provincial laws and regulations are complex and subject to change, which can materially impact your results. Franklin Templeton Investments Corp. cannot guarantee that such information is accurate, complete or timely; and disclaims any liability arising out of your use of, or any tax position taken in reliance on, such information.
This website is for Canadian residents.
This website is for Canadian residents.
Copyright © 2021 . Franklin Templeton Canada. All rights reserved.
Franklin Templeton Canada is a business name used by Franklin Templeton Investments Corp.