Régie des rentes du Québec

Determine your sources of retirement income

Objective: 70% - Private pension plans and other personal savings - Québec Pension Plan  - Old Age Security program

To maintain your standard of living in retirement, you will need to replace roughly 70% of your annual gross employment income. Why only 70%? Because your expenses will generally be lower in retirement. However, the bigger your plans, the more you'll need to save.

Sources of retirement income include:

A clear example
Frank is 35 years old and earns 45 000 $ a year. Below are the annual amounts he will receive from public plans if he retires at age 60, 65 or 67, as well as the amounts he will need to save starting now to replace 70% of his income.


How much does Frank need to save each week?
Age of retirement
Annual amount payable under the Québec Pension Plan Annual amount payable under the Old Age Security program at age 67 Amount to save each week to replace 70% of his income with a rate of return of 5%
Age 60 6 924 $ 0 $ 271 $
Age 65 10 700 $ 0 $ 129 $
Age 67 12 497 $ 6 553 $ 88 $
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