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Table 6
Savings, income and assets related to retirement plans of near-retirees

  Certainty about planned age of retirement Age of retirement Retirement income
Don't know or not at all certain Somewhat or very certain Plan to retire before 60 years1 Plan to retire 65 years or older1 Expect income to be adequate1
percentage
Contributed to a Registered Retirement Savings Plan in the past 5 years
No †
36.0
49.3
22.8
48.6
55.7
Yes
24.6*
66.6*
31.2*
33.5*
72.8*
Yes - Assets under $50,000
29.4*
61.0*
26.4
40.6*
60.7*
Yes - Assets $50,000 to $100,000
19.1*
74.2*
34.5*
29.9*
78.6*
Yes - Assets $100,000 or more
17.9*
74.4*
36.1*
25.7*
87.0*
Household income
Less than $40,000†
39.9
44.2
12.6
62.5
45.0
$40,000 to $59,999
35.7
52.1
18.8
46.1*
52.8*
$60,000 to $79,999
24.6*
67.4*
29.6*
38.3*
67.4*
$80,000 to $99,999
25.6*
64.6*
31.7*
33.4*
69.5*
$100,000 or more
17.2*
75.1*
38.4*
26.2*
84.9*
Housing tenure
Rented†
35.6
48.1
16.7
57.4
49.9
Owned with mortgage
28.7*
61.8*
28.3*
38.7*
67.1*
Owned without mortgage
23.5*
67.3*
35.8*
26.9*
77.7*
1. Percentages are based on respondents who stated a planned age of retirement. Respondents who said they do not intend to retire or don't know when they plan to retire are excluded.
† Reference group.
* Statistically significant difference from reference group at p < 0.05.
Source: Statistics Canada, General Social Survey 2007
Date Modified: 2008-11-21

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