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$1M in RRSPs at 65… What Does That Actually Pay?
In this episode of the AskTMFG Podcast, Carlo Cansino and John Iaconetti break down what a $1 million RRSP at age 65 could realistically provide in monthly retirement income, and why the answer depends on far more than just the account balance.
They discuss how taxes, RRIF withdrawals, inflation, investment returns, and retirement timing all affect how long your money lasts and how much income you can comfortably generate over time.
The focus isn’t on whether $1 million is enough, but on how to turn retirement savings into a sustainable and tax-efficient income strategy that fits your lifestyle and long-term goals.
👉 Watch the full episode on YouTube: https://youtu.be/D3j4N47AI7Y
Question for our listeners:
Do you think Canadians focus too much on how much they’ve saved… and not enough on how retirement income actually works?
👉 We’re offering a complimentary portfolio analysis:
https://tmfg.ca/portfolio-analysis/
Follow us on our social channels:
LinkedIn: The McClelland Financial Group
Facebook: https://www.facebook.com/tmfg.ca
Instagram: https://www.instagram.com/themcclellandfinancialgroup_/
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By asktmfgIn this episode of the AskTMFG Podcast, Carlo Cansino and John Iaconetti break down what a $1 million RRSP at age 65 could realistically provide in monthly retirement income, and why the answer depends on far more than just the account balance.
They discuss how taxes, RRIF withdrawals, inflation, investment returns, and retirement timing all affect how long your money lasts and how much income you can comfortably generate over time.
The focus isn’t on whether $1 million is enough, but on how to turn retirement savings into a sustainable and tax-efficient income strategy that fits your lifestyle and long-term goals.
👉 Watch the full episode on YouTube: https://youtu.be/D3j4N47AI7Y
Question for our listeners:
Do you think Canadians focus too much on how much they’ve saved… and not enough on how retirement income actually works?
👉 We’re offering a complimentary portfolio analysis:
https://tmfg.ca/portfolio-analysis/
Follow us on our social channels:
LinkedIn: The McClelland Financial Group
Facebook: https://www.facebook.com/tmfg.ca
Instagram: https://www.instagram.com/themcclellandfinancialgroup_/