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| Reasons for retirement |
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|---|---|---|---|---|---|
Women 45 to 64 |
Men 45 to 64 |
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Caregiver |
Other |
Caregiver |
Other |
||
% |
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| Not retired1 | |||||
| Want to stop working | 73 | 72 | 75 | 69 | |
| Have adequate retirement income | 68 | 63 | 71 | 66 | |
| Desire to start different career or part-time work | 38 | 34 | 41 | 39 | |
| Health | 30 | 34 | 29 | 30 | |
| Mandatory retirement | 30 | 28 | 24 | 23 | |
| Job ending and unable to find other work | 24 | 27 | 22 | 24 | |
| Need to provide care to a family member | 21 | 13 | 9 | 11 | |
| Company early retirement plan | 19 | 23 | 26 | 23 | |
| Retired | |||||
| Wanted to stop working | 56 | 46 | 50 | 41 | |
| Retirement financially possible | 62 | 46 | 69 | 53 | |
| To do other things | 47 | 36 | 47 | 36 | |
| Health | 30 | 36 | 34 | 38 | |
| Mandatory retirement | 4 | 6 | 8 | 9 | |
| Unemployed and couldn’t find new job | 5 | 7 | 7 | 6 | |
| Needed to provide care to a family member | 21 | 10 | 8 | 6 | |
| Company early retirement plan | 15 | 13 | 37 | 27 | |
| Completed required years of service | 27 | 19 | 50 | 40 | |
| No longer enjoyed work | 23 | 14 | 20 | 14 | |
1 Also includes those who retired before age 30. |
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| Source: Statistics Canada, General Social Survey, 2002 | |||||