3 Easy Ways to Know How Much You Need To Retire in Canada
Well Built Wealth Well Built Wealth
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 Published On Jul 28, 2023

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Links:
- Desjardins Calc: https://www.desjardins.com/ca/tools/r...#top
- CRA Calc: https://www.canada.ca/en/services/ben...
- Empire Life Calc: https://www.empire.ca/retirement-and-...
- Sunlife Calc: https://www.sunlife.ca/en/tools-and-r...
- CIBC Calc: https://www.cibc.com/en/personal-bank...
- Scotia Calc: https://www.scotiabank.com/ca/en/pers...
- Life Expectancy: https://www.macrotrends.net/countries...
- Sunlife Life Expectancy (in Depth): https://www.sunlife.ca/en/tools-and-r...
- Nerd Wallet 25x Rule & 4% Rule: https://www.nerdwallet.com/article/in....
- Calculate Percentage Formula: https://www.calculatorsoup.com/calcul...

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Intro & Must-Know Details (0:00)
When Are You Going to Retire? (1:44)
How Long Will You Live? (2:22)
How Much $ Do You Want Each Month? (3:19)
70% Rule (3:45)
Retirement Phases (5:08)
Retirement Income Sources (6:17)
List of Income from Others (6:59)
List of Own Income Sources (7:19)
Method #1: Manual (8:39)
Planning Assumptions (8:51)
25x Rule (9:35)
4% Rule (10:27)
Method #2: Free Online Calculators (11:39)
Desjardins Calculator (12:28)
Method #3: How We Do It (15:28)
Benefits of Seeing the Future (22:08)
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DISCLAIMER: All videos on this channel (including this one) are for educational or entertainment purposes only. They are not (and are not intended to be) financial, investment or legal advice. It is our firm position that everyone has a unique situation and should seek professional advice on how best to navigate it. Rhys Martell is a Chartered Investment Manager (CIM), a Fellow of the Canadian Securities Industry (FCSI), a Qualified Associate Financial Planner (QAFP) and more. However, he is not registered to provide investment advice and, therefore, does not provide specific investment recommendations. Those looking for specific investment advice should seek out a registered professional.

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