A new BMO survey finds we believe we each need $1.7 million to retire.
We haven’t been this shocked since last month when Health Canada told us more than two drinks a week is heavy drinking.
How we collectively came to that figure is a lot to unpack, but it does reveal just how much most of us are in the dark about saving for retirement. A more revealing finding from the same BMO survey says 53 per cent of respondents say they have no idea how much they will need to retire. Kudos to the other 47 per cent.