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Young people expect a plush retirement income of $95K a year
This year we decided to look at how our retirement income expectations change as we age. As you can see below, the 2014 BlackRock Investor Pulse study found that Canadians in their 20s and early 30s feel confident and in control, expecting a plush retirement income of almost $95,000 a year. But as we enter our late 30s and early 40s, reality hits and our confidence plummets—as does our expected income. Luckily, in our 50s and 60s some of that confidence returns, even though our income will be much less than we thought.
Source: BlackRock Investor Pulse study 2014, September 2014
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