While that represents only a little more than half of final pay, we need to remind ourselves that certain major expenditures will disappear by then such as saving for retirement, mortgage payments and child - raising costs. (business.financialpost.com)
The RRIF income (indexed to inflation) was estimated to be 42 % of final average pay which, based on final pay of $ 80,000 works out to nearly $ 34,000. (business.financialpost.com)
So this household still needs a nest egg of $ 1.32 million, or just shy of 18 times final pay. (business.time.com)