WE’RE LIVING LONGER
A longer life means Canadians might need
more retirement income for the long run.
65
100
+
Life expectancy at
years
old
1979
The number of centenarians is
projected to increase to almost
80,000 by 2061.***
2012
84 80
87 84
35 years ago, the average life expectancy at
age 65 was almost 80 years old for men and
84 years old for women. In 2012, that average
at age 65 was almost 84 years old for men
and almost 87 years old for women.*
25 95
17
%
%
years
old
2001
3,795 5,825
2061
80,000
25
.7%
years
old
Currently, 25% of
65-year-old women and
17% of 65-year-old men
will live past age 95.**
2011
increase
More Canadians are reaching
age 100 and the number of
centenarians has increased
25.7% between 2006 to 2011.***
* Life expectancy, abridged life tables, Statistics Canada, 2014.
** Canadian Institute of Actuaries, 2014.
*** Centenarians in Canada, 2011 Census, Statistics Canada, May 2012.
PROOF IN THE NUMBERS
700,000
Many Canadians already live past age 85
Right now, over 700,000 Canadians are 85+ years old*
– which is more than the number of boys and girls
under 18 registered for minor hockey in Canada.**
* Estimates of population, Canada, provinces and territories, Statistics Canada, 2013.
** Hockey Canada (www.hockeycanada.ca).
LONGEVITY – PART OF THE PLAN
strongly
agree
Nearly 67% of advisors strongly
agreed that discussing longevity
with clients is important in the
retirement planning discussion.*
* Sun Life Longevity Survey, October 2013.
years old
67 88
%
Yet the average age advisors
used when creating retirement
plans with clients was 88 years,
in terms of how long clients’
money needs to last.