Table 7
Retirement outlooks from two perspectives

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  Person no. 11 Person no. 22
Predicted retirement age 59 years 62 years
Likelihood of …
…being very certain of planned
age of retirement 46% 29%
…expecting retirement income to be
adequate or more than adequate 81% 67%
1. Predicted probabilities assuming: male, age 52, married, Canadian-born, very good health, home owned with mortgage, union member, pension coverage, 20 years of job tenure, RRSP assets less than $50,000 and household income of $100,000 or more.
2. Predicted probabilities assuming: male, age 52, married, Canadian-born, very good health, home owned with mortgage, non-union, no pension coverage, 10 years of job tenure, RRSP assets of $50,000 to $100,000 and household income of $60,000 to $80,000.
Source: Statistics Canada, General Social Survey, 2007.