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Test Your Retirement Knowledge

20 Things Every Canadian Should Consider for Retirement

Designed to get you thinking about the types of questions you may want to ask yourself or an advisor as you look forward to—and plan—your post-career life.

Answer 20 questions and, in 10 minutes or less, you can get:

A general indication of your retirement knowledge

Curated articles, resources and advice to help you plan and prepare

Insights on financial, lifestyle, health and other considerations

To get started, please tell us your age and target retirement date:

This simple assessment is ideal if you’re planning to retire in the near future or are newly retired. Here’s what to expect:

  • It takes less than 10 minutes to complete.
  • Answer “Yes” or “No” to 4 questions in 5 categories—for a total of 20 questions.
  • Skip a category if you want to, but be sure to answer all 4 questions in a section to see your score for that category.
  • Keep in mind that there are no wrong answers!

Let’s Start the Conversation

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Public Health Agency of Canada. December 16, 2020. Aging and Chronic Diseases: A Profile of Canadian Seniors. Canada.ca. October 18, 2021.
https://www.canada.ca/en/public-health/services/publications/diseases-conditions/aging-chronic-diseases-profile-canadian-seniors-executive-summary.html
Statistics Canada. May 30, 2019. Table 13-10-0389-01 Life expectancy, at birth and at age 65, by sex, three-year average, Canada, provinces, territories, health regions and peer groups. October 18, 2021.
https://www150.statcan.gc.ca/t1/tbl1/en/tv.action?pid=1310038901
Statistics Canada. January 25, 2021. Table 14-10-0060-01 Retirement age by class of worker, annual. October 18, 2021.
https://www150.statcan.gc.ca/t1/tbl1/en/tv.action?pid=1410006001
Paula Arriagada. Statistics Canada. November 24, 2020. The Experiences and Needs of Older Caregivers in Canada. October 18, 2021.
https://www150.statcan.gc.ca/n1/pub/75-006-x/2020001/article/00007-eng.htm
RBC/Ipsos. January 16, 2020. Retirement Doesn’t Always Go as Planned: RBC/Ipsos Poll. Ipsos.com. October 18, 2021.
https://www.ipsos.com/en-ca/news-polls/Retirement-Does-Not-Always-Go-as-Planned
Wolf Depner, Victoria News. April 7, 2020. Canadian seniors isolated with fewer friends, less access to internet. vicnews.com. October 25, 2021.
https://www.vicnews.com/news/canadian-seniors-isolated-with-fewer-friends-less-access-to-internet/
National Institute on Ageing (NIA). October 13, 2020. Why Better Preventing Falls Will Be Key to Helping Us Age in Our Places of Choice. nia-ryerson.ca. October 18, 2021.
https://www.nia-ryerson.ca/commentary-posts/2020/9/22/why-better-preventing-falls-will-be-key-to-helping-us-age-in-our-places-of-choice
RBC. August 27, 2021. Retirement reset: pandemic impacts retirement plans, timing and savings goals, RBC poll finds. rbc.com. October 18, 2021.
http://www.rbc.com/newsroom/news/2021/20210827-myths-realities-retirement-poll.html
RBC. January 16, 2020. Getting real about retirement: Canadian retirees share their wisdom – RBC poll. rbc.com. October 18, 2021.
http://www.rbc.com/newsroom/news/2020/20200116-rrsp-poll.html
The 2019 RBC Family Finances Survey was conducted by Leger from October 26 to November 9, 2018 on behalf of RBC, through an online national survey of 1,004 Canadian parents (age 36 and older) who have millennial children (ages 18 to 35).
Financial Consumer Agency of Canada. May 29, 2020. Canadians and their Money: Key Findings from the 2019 Canadian Financial Capability Survey. Canada.ca. October 18, 2021.
https://www.canada.ca/en/financial-consumer-agency/programs/research/canadian-financial-capability-survey-2019.html
Rajeshni Naidu-Ghelani, CBC News. February 24, 2018. ‘The not so golden years’ — a quarter of retired Canadians in debt, survey suggests. Sun Life Financial Barometer. cbc.ca. October 18, 2021.
https://www.cbc.ca/news/business/canadians-retirement-debt-1.4547125
MyAdvisor is an online platform from RBC where you can view your financial information including visual representations (charts and graphs) of your retirement readiness, net worth, cash flow, and financial goal tracking. You can also see how varying your current approach can affect your savings and goals. The MyAdvisor platform also enables you to book an appointment with an RBC advisor and to meet with your advisor using video chat or phone to open new accounts, including investment accounts, and get advice on meeting your financial goals.
This tool is provided for illustrative and general information purposes only, and is not intended to provide specific financial or other advice, and should not be relied upon in that regard.
Boomerang is a business of RBC Ventures Inc., a subsidiary of Royal Bank of Canada.
CareEasy is a business of RBC Ventures Inc., a subsidiary of Royal Bank of Canada.
Financial planning services and investment advice are provided by Royal Mutual Funds Inc. (RMFI). Investment advice provided by RMFI may be delivered through the MyAdvisor platform. RMFI, RBC Global Asset Management Inc., Royal Bank of Canada, Royal Trust Corporation of Canada and The Royal Trust Company are separate corporate entities which are affiliated. RMFI is licensed as a financial services firm in the province of Quebec.