What do you think of retirement calculators?
I have a financial planner and already have a sound retirement plan but I tried 4 retirement calculators (Sunlife, Scotia, TD and Government of Canada) just for the fun of it. According to all (except one which asked almost no questions) of them I"m on track, which wasn't surprising but was surprising is that I could retire by 55 or even 50 - as I have been planning for retirement for 60-65. I hope to have my mortgage paid off by 55 or earlier so this would definitely be nice (and what I've been aiming to do - retire close to the time I pay my mortgage off). I don't know, but ever since I found out I may be able to retire earlier than expected, I am happier than before lol.
Side note, I found Government of Canada to be the most thorough and comprehensive, Sunlife was also pretty comprehensive - the 2 banks ones sucked (IMO it's a marketing/fear-mongering ploy).
Side note, I found Government of Canada to be the most thorough and comprehensive, Sunlife was also pretty comprehensive - the 2 banks ones sucked (IMO it's a marketing/fear-mongering ploy).
Last edited by hierophant on Mar 11th, 2019 5:44 pm, edited 1 time in total.