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In all, this means the average American retiree (or those 65 and older) is spending about $3,700 per month -- or about $44,600 per year. Using the 4% rule, that would mean a nest egg of over $1 million would be needed to finance the average lifestyle.
Ontario has by far the widest range of costs for retirement homes, including the most affordable and most expensive rates across Canada. Retirement home costs average $3, 204 per month. Ontario's retirement homes cover a wide range of specialized needs and forms of care. Learn about retirement costs in Ontario â.anitoba is one of the cheapest provinces to reitre in Canada.The average monthly rent for a standard space in a retirement community in Manitoba is $2,378 per month. Learn about retirement costs in Manitoba â.