When should you retire? Whenever you want.

More than half of Canadians - 57 per cent - feel there is no appropriate age for retirement and deciding when to retire is a personal choice, according to the 20th Annual RBC RRSP Poll. Nearly one-in-three Canadians (31 per cent) who are still working say they will never retire and one-quarter (26 per cent) think the term 'old' depends on how you feel.

According to Statistics Canada, the average life expectancy of Canadians has steadily increased since 1979, with current life expectancy at birth listed at 78 years for men and 83 years for women. By age 65, men's life expectancy increases to 83 years and women's increases to 86 years.

Lee Anne Davies, head, Retirement Strategies at RBC Royal Bank said that the average Canadian retirement age is about 62 years but boomers are increasingly choosing to stay working or return to the workforce after retirement.

One-third of Canadians (35 per cent) feel that Canada's aging population will be a financial burden and younger Canadians aged 18-34 are more inclined to feel this way (46 per cent)
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News & Politics

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• RBC
• RRSP Poll
• retirement
• mandatory retirement
• age
• retire
• Lee Anne Davies
• baby boomer