boat boat
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How to Retire

Rods

Weighing Retirement

Knowing how much you need to comfortablty retire is dependent on what your expectations are.

$
344
K

average nest egg of a retired person in B.C. “Bare Bones”

estimated nest egg needed to retire “In Style”

Expert Opinion

$57,600

annual spending by a retired couple in Canada — Statistics Canada

$193B

Home equity held by people age 55 and up in Metro Vancouver

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When to Retire

Anchor

Dropping Anchor

The sale of boomer-owned businesses in Canada could potentially transfer $1.2 trillion in wealth to new owners within the next 10 to 15 years.

36
%

of B.C. workers retire by age 55.

of B.C. workers continue working past 55.

Expert Opinion

12%

keep working after age 65

120K

private businesses owned by B.C. baby boomers

70%

of these businesses will be sold over the next 10 to 15 years

900K

British Columbians have an employer pension plan

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Where to Retire

Wheel

Island Retreat?

There are certain places in British Columbia – and in the world – where retirement dollars go further and where seniors may potentially enjoy a more enriched lifestyle.

Vancouver

$2.51 M

average house price

rainfall avg. 1457mm

Qualicum Beach

$453 K

average house price

rainfall avg. 950mm

Osoyoos

$441 K

average house price

rainfall avg. 250mm

Palm Desert

$503 K

average house price

rainfall avg. 43mm

15%

of Canadians want to retire to B.C.

85%

of British Columbians want to retire in B.C.

10%

of Canadians want to retire to another country

No. 5

Canada is ranked the fifth best country to retire in the world

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Inheritance

Keys

Finding the Key

The sale of boomer-owned businesses in Canada could potentially transfer $1.2 trillion in wealth to new owners within the next 10 to 15 years.

$
150
K

Expected average inheritance

Actual average inheritance

78%

in B.C. expect an inheritance

53%

of seniors have not discussed inheritance with their family

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What to do

Bottle

Cruising to retirement

British Columbia seniors are healthier and more active than previous generations of retirees and they are expected to be among the healthiest seniors in history.

Expert Opinion

42
%

of cruise ship passengers are seniors

24%

of seniors participate in volunteer work

21%

of consistent golfers are seniors

50%

of cruise passengers age 50+

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