It all depends on the Lifestyle you want and where you live. Retire to an area of low housing cost to maximise your cash flow for personnel use. A Nice home and travel etc. you better sock a lot of money away if no company pension is available. I was Blessed to work for the Big 3.  We live on one income. I retired, 30 and out at age 53 with full electricians pension and a 100k buyout to Retire. That was in 2007. My wife and I down sized, we bought and fully renovated a one bedroom Condo, penthouse floor over looking Lake St. Clair(5.5k yearly) Draw minimum from RRIF (2.5k) and took my CPP (7.2K)at 60. We live very comfortably on our 57k income, travelling a few times yearly and new SUV in 2015. That will change slightly at 65 when pension changes and old age pension kicks in. Plan to live as cheap as possible so the majority of your pension goes toward enjoying retirement, we love being able to pick up and go anytime with no worries.