In this episode, Carlo and John break down one of the biggest misconceptions in Canadian retirement planning: the idea that you need $1.7 million, or more, to retire. They explain how these headline numbers create unnecessary pressure and often keep people working longer than necessary. You’ll hear why real retirement needs depend on lifestyle, monthly spending, location, and the income sources you already have. Carlo and John share real Canadian examples of couples retiring comfortably with far less than the media suggests, and explain how factors like CPP, OAS, pensions, a paid-off home, and Canada’s healthcare system significantly reduce the savings required. They also introduce the 70-80% income replacement rule, explore how different lifestyles lead to very different retirement targets, and outline a simple step-by-step process to calculate your own retirement needs using realistic numbers, not fear-based assumptions. If you want a clear, practical way to understand what retirement could look like for you in Canada, this episode will walk you through the key elements that matter most. If you would like guidance on planning for retirement, please schedule a meeting here: Schedule your meeting. Follow us on our social channels:LinkedIn: The McClelland Financial GroupFacebook: https://www.facebook.com/tmfg.caInstagram: https://www.instagram.com/themcclellandfinancialgroup_/