How Much You Need to NEVER Run Out of Money in Retirement (as a Canadian)

Canadians think they need $1.7 million to retire, but I want to explain why that number can actually be dangerous to fixate on. In this video, I walk you through exactly how to calculate your own personal retirement number, using a step-by-step example and a simple spreadsheet calculator. We cover how to estimate your retirement spending, account for taxes and inflation, factor in CPP and OAS benefits, and arrive at the nest egg you'll actually need. Whether you're just starting out or already saving, this will help you stop guessing and start planning with real numbers. 📖 CHAPTERS 00:00 - $1.7 Million to Retire - Are We All Screwed? 01:32 - Intro 01:59 - Start with Your Spending 03:59 - Taxes 04:57 - Benefits 07:36 - Shortfall 07:52 - Last Step - The Nest Egg 08:23 - Simple Calculation 09:30 - Work with a Planner 10:13 - Knowledge Is the Light - Start Planning Now 📌 RESOURCES I MENTIONED BMO survey https://newsroom.bmo.com/2026-02-24-B... CPP average benefit amounts https://www.canada.ca/en/services/ben... OAS benefit amounts https://www.canada.ca/en/services/ben... Sun Life retirement calculator https://www.sunlife.ca/en/tools-and-r... Wealthsimple retirement calculator https://www.wealthsimple.com/en-ca/to... Adviice (Use coupon code MOORHOUSE2026 to get $5 off) https://adviice.ca/ List of advice-only financial planners https://jessicamoorhouse.com/favourit... 📺 WATCH NEXT    • Is a Recession Coming in 2026? Do This NOW!   💎 FINANCIAL PLANNING Check out my advice-only financial planning services https://jessicamoorhouse.com/services 💻 BUDGET SPREADSHEETS Download one of my budget spreadsheets to get your financial life together https://jessicamoorhouse.com/shop 📈 WEALTH BUILDING BLUEPRINT FOR CANADIANS COURSE Learn more about my investing course https://jessicamoorhouse.com/course 📕 BUY A COPY OF MY BOOK "EVERYTHING BUT MONEY" https://jessicamoorhouse.com/book 🔗 AFFILIATE LINKS Borrowell https://jessicamoorhouse.com/borrowel... Wealthsimple Trade https://jessicamoorhouse.com/wealthsi... Questrade https://jessicamoorhouse.com/questrad... KOHO https://jessicamoorhouse.com/koho-aff Willful https://jessicamoorhouse.com/willful-aff Ownr https://jessicamoorhouse.com/ownr-aff Rakuten https://jessicamoorhouse.com/rakuten-aff MORE ABOUT ME 🙋‍♀️ ABOUT ME https://jessicamoorhouse.com/about ✉️ NEWSLETTER https://jessicamoorhouse.com/subscribe 📸 INSTAGRAM   / jessicaimoorhouse   DISCLAIMER & DISCLOSURE The content I produce is for education and entertainment purposes only. Nothing on this YouTube channel, my website or affiliated channels should be considered financial, investment or legal advice, or an endorsement for any type of service, product, or brand. Some links in this description may be affiliate links in which I may earn a commission at no extra cost to you. Please read my disclaimer to learn more: https://jessicamoorhouse.com/disclaimer/