How do I start planning for retirement in my 50s?
A clear starting point for the conversation ahead.
Start with the life you want, then bring your timing, spending needs, income sources, and commitments into a planning conversation. Your age or account balance alone cannot determine whether retirement is affordable.
Begin with a picture of everyday life
Think about how you want to spend your time. Would you stop working, reduce your hours, or take on a different role? iA’s educational article discusses early and phased retirement in the context of lifestyle and personal circumstances.
Organize the questions behind the numbers
Make a high-level list of expected spending, income sources, debts, family commitments, and the flexibility you may need. A qualified advisor needs a fuller picture before assessing feasibility.
- What would change if I worked longer or phased out gradually?
- Which commitments and unexpected costs need to be considered?
- How would my plan be reviewed as circumstances change?
Take the next conversation at your pace
iA lists retirement planning among its services. Explore the educational material first, then ask an advisor how a personal plan would account for your circumstances. This page does not calculate retirement affordability or recommend investments.
Sources you can explore
iA — Can you retire early? iA Private Wealth — Solutions iA Private Wealth — Why usThe retirement article was published in January 2024. This summary does not rely on historic benefit amounts or tax figures.
Original educational summary. Not reviewed or approved by iA. General information, not personal financial advice.