 | Insure Horizons Insuring a Promising Tomorrow | Issue #009 July 10, 2026 |
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| BMO 2026 Survey | Canadians now say they need $1.7 million to retire — and 36% doubt they'll ever get there. |
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Weekly Wealth & Community Update Do You Have a GPS
For Your Life? My son won't leave the driveway without setting the GPS first. Ten kilometers, thirty minutes, no stress. Most of us have never set one for our retirement. Here's what changes when we do. |
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The GPS Story
The Numbers
The Number | | | What's Changing — A Question From The Driveway |
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| | My Son Won't Leave The Driveway Without Setting The GPS First. Last week, rushing to soccer practice, Mehar wouldn't let me pull out of the driveway until the address was in the GPS. Ten kilometers. Thirty minutes. He knew exactly when he'd arrive — and he was completely at ease. | We set a GPS for a thirty-minute drive to soccer. Most of us have never set one for the next thirty years. |
Retirement is no different than that drive — except the stakes are your family's future. You need a destination, a distance, and a clear route, set as early as possible. So we made a short video about it.
Do You Have a GPS For Your Life? Watch on YouTube · Insure Horizons |
▶ Watch |
The destination doesn't set itself. Here's what the newest numbers show about Canadians still searching for theirs. |
| | The Numbers — Driving Without a Destination Set |
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Retirement isn't disappearing for Canadians — but for a growing number, it's arriving later, and often not by choice. |
15.2% |
labour force participation rate for Canadians 65+ in 2025 — a record high, roughly 1.2 million seniors still working | |
36% |
of Canadians say they're unlikely to ever hit their own retirement savings target | |
75% |
of Canadians aged 55–64 have $100,000 or less saved for retirement |
None of these families set out to work into their seventies. Most simply never set the GPS early enough to see where the road was actually heading. Sources: Statistics Canada Labour Force Survey, 2025–2026; BMO 2026 Annual Retirement Survey (Pollara Strategic Insights); Benefits Canada |
| | Educational Update — Know Your Number |
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| 💰 | Canadians Now Say They Need $1.7 Million To Retire. |
| That's up from $1.54 million just a year ago, according to BMO's 2026 Annual Retirement Survey. In Alberta, the number sits at roughly $1.66 million. In British Columbia, it's over $2.2 million. | Fewer than 10% of Canadians actually retire with $1 million saved. The average retiree has closer to $272,000 — against that $1.7 million goal. |
The gap isn't the target — it's the missing route. A $1.7 million goal is reachable, but only with a plan mapped out well before the destination is due. |
| | Exciting Nugget — Set Your GPS |
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| 📍 | Every Journey Needs a Destination Set First. |
| Mehar doesn't leave for soccer practice without setting the GPS first. Retirement deserves the same — not a guess, not a hope, but a destination, a distance, and a clear route, set as early as possible. | Let's book a call and set your GPS — a clear retirement goal and a strategy built for you and your family. |
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Do You Have a GPS For Your Life? A free 30-minute conversation is all it takes to set your destination, map the distance, and build a strategy your family can count on.
Book a Free Call
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| Insure Horizons — Insuring a Promising Tomorrow. Jas Hans · Registered Retirement Consultant (RRC) · insurehorizons.ca
Proudly serving Canadians from Calgary, Alberta & coast to coast. You're receiving this because you're a valued client or prospect of Insure Horizons.
© 2026 Insure Horizons. All rights reserved.
For informational purposes only; not financial advice. Figures cited are 2025–2026 averages and vary by individual. |
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