BMO surveyed Canadians: They Need $1.54 Million to Retire – How Do You Get There?

A recent BMO survey found that Canadians now believe they need $1.54 million to retire comfortably. This is a sharp increase from previous years, highlighting growing concerns about inflation, rising living costs, and financial uncertainty. Despite this, 44% of Canadians say they are not confident they will have enough saved, and nearly three-quarters are worried about how inflation will affect their retirement plans. With a higher savings target and increasing financial pressures, the big question is: How do you actually get there?

Building Wealth to Reach $1.54 Million

Reaching $1.54 million is not about luck - it takes a solid investment strategy, disciplined savings, and time. Simply relying on a traditional savings account is not enough, as low interest rates mean minimal growth. Investing wisely is essential, but with ongoing market volatility, Canadians are seeking consistent, high-yield options to help grow their wealth faster.

What If You Invested in Blue Pearl MIC?

At Blue Pearl Mortgage Investment Corporation (MIC), we have delivered an average annual return of 10.03% from 2018 to 2024. Unlike stocks and mutual funds, which fluctuate with the market, our investments are backed by real assets, providing consistent returns and reduced volatility.

How Your Money Could Grow with Blue Pearl MIC

Let's say you invest $250,000 at an average annual return of 10.03%. Here's how that investment could grow over time:

• 10 years: Your investment could grow to $648,000
• 20 years: Your investment could grow to $1.69 million

That is the power of consistent, compounding returns.

The Path to a Confident Retirement

The rising retirement savings target means Canadians need to think beyond traditional investments. While stocks and mutual funds may play a role, alternative investments like Blue Pearl MIC can provide stability and predictable returns, helping you reach your goals faster.

The $1.54 million goal may seem daunting, but with the right strategy, it is achievable.