There is a lot of misguided thinking about retirement, as shown by things like "Canadian couples say they need $1.7M to retire. Are you on track?":

* https://globalnews.ca/news/11705204/canadian-couples-retirem...

This survey is released by a bank that makes money from AUM fees for things like mutual funds. It is in their interest to think you need more, but most folks do not need as much as they believe. The study tends to be released during "RRSP season", which is close to the last time Canadians are able to put in money into their retirement saving account (RRSP ~ 401(k)) for the current tax year (and get a taxable income reduction).

This (flat) fee-only advisor goes over some of the preconceptions that have:

* https://www.youtube.com/watch?v=5LmiW4FgAL8

He's put out videos about what you can expect if you have 'only' CA$ 250k saved:

* https://www.youtube.com/watch?v=QLQk6X3NCPs (single)

* https://www.youtube.com/watch?v=_9-8CIvphfI (couple)

* https://www.youtube.com/watch?v=EkyvLe66G94 (couple)

Or even a single at 65 with $125k:

* https://www.youtube.com/watch?v=MEBjIFg08lM