Save your retirement

Whether your retirement is far away or around the corner, planning for it will make you feel more confident about getting there.

Retirement calculator

Find out what you need to retire and how close you are to getting there.

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Lower your investment fees to get to your retirement goal faster

You could retire with up to

(30%) more

Investment fees can quickly drain your retirement savings. Even 1% can have a significant impact on your returns. With Questwealth Portfolios, you get a low-fee portfolio that’s matched to you.

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Take control of your retirement

Doing a little today can have a big impact on what you end up with in retirement. Contributing often, contributing early, saving on taxes and making good investment decisions are easy steps to take to make sure your retirement savings are on the right track.

Increase the amount you’re saving

Increasing your savings will get you to your goal. Automating your contributions can make it a lot easier.

Don’t delay saving for retirement

Even delaying a single year can significantly impact the amount you have to enjoy in retirement.

Choose accounts that reduce your tax burden

Transfer your accounts for free

When you move your existing accounts to Questrade, we’ll rebate the transfer fees you’re charged for the switch.
Any balance, from any eligible account—we’ve got you covered.

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Making good investment decisions can help you reach your retirement goal

Read our blog to learn more

Diversify your investments

Diversification is a fancy way of saying don’t put all your eggs in one basket. Because the more diversified your investments (the more baskets they’re in), the better your portfolio should perform over the long term. Why does this work? Because there isn’t one industry or asset class that consistently performs over time. So, you’ll want to ensure that your portfolio isn’t overwhelmingly reliant on one particular industry. Diversification aims to mitigate risk and increase chances of long-term growth by investing in a wide variety of assets and sectors instead of focusing heavily on one area or company.

Know your comfort with risk

When it comes to investing, you need to know how comfortable you are with big swings in the market. If you can’t stomach 20% swings in your portfolio, you will probably be a more conservative investor. The way you balance your comfort level is maintaining the proper balance of fixed income investments and equity investments in your portfolio.

Fixed income is an investment where you can reasonably expect regular periodic income, similar to interest in a savings account. These investments will give you a lower return than equities but also a limited downside. They are generally better for people who are closer to retirement age.

Equity is what people usually think of when they think of investing, usually stocks and exchange-traded funds. Equity investments can give you higher returns but also a bigger risk of downside. Equities are more acceptable for people who have more time until retirement.

Portfolios holding more fixed income are usually more conservative, where portfolios with a greater amount of equity are riskier.

Time horizon

Many people think investing for retirement is simply waiting to get to a certain number, but you don’t stop investing the day you retire. Quite the opposite. When the day comes and you’re ready to enjoy your golden years, the money you saved will turn into income for your retirement lifestyle. But you won’t need all the money all at once. Odds are, you will still be investing a portion of your wealth even in retirement. So when you’re looking at how long your investments will stay invested, you should look at the amount of time you will spend retired on top of the amount of time it’ll take for you to get there. This will give you a bigger picture of how long your investments will stay in the market and the impact of those investments over time.

Two great ways to invest with Questrade

Do it yourself

Self-directed Investing

  • Build your own investment portfolios with stocks, etfs and more
  • Trade stocks for 1¢/share (min. $4.95 to max. $9.95)
  • Buy ETFs for free
  • No annual account fees

Get a pre-built portfolio

Questwealth Portfolios

  • Diversified ETF portfolios made for your goals
  • Management fees starting at 0.25% (0.20% after $100,000)
  • Actively managed by experts who adjust your portfolio when needed
  • Socially Responsible Investing portfolios available

Additional helpful articles on retirement

Everyone’s retirement doesn’t look the same. The way you plan for and approach it will be as unique as you are. Here are some more unique retirement topics that may help you on your journey to retirement.

If you have a pension plan, do you need an RRSP?

When does it make sense to supplement your pension income with an RRSP.

Get details
Can You Retire Off Your Tax-Free Savings Account?

The math breakdown of whether you can retire off your TFSA.

Get details
Time-Starved Canadians Guide To RRSPs 2020

A quick guide on what you need to know for the 2020 deadline

Get details

Retiring 30% wealthier illustrates how investing with a Questwealth Balanced Portfolio could improve your retirement savings using a hypothetical example. The Questwealth Balanced Portfolio has an annual fee of 0.38%, compared to mutual funds that have an average annual fee of 2.22% (84 comparable Class-A Canadian Global Neutral Balanced Funds). This is based on an initial investment of $30,000 and a yearly contribution of $3,000, compounded annually over 30 years. Fees may change over time and actual results may vary. No representations and warranties are made as to the reasonableness of these assumptions. Questwealth Portfolios is a service provided by Questrade Wealth Management Inc.

Starting October 1, 2019, you can transfer any account to Questrade from another financial institution, regardless of the balance, and get your transfer fees rebated (maximum rebate $150/account). No limit to the number of accounts you bring over. For a rebate, submit a statement from your financial institution displaying the transfer fees incurred within 60 days of the transfer request being submitted to Questrade. For Questwealth™ accounts, all-in-kind and partial transfers of your securities will be liquidated. Transfers from cash accounts may be subject to capital gains taxes or provide capital losses upon liquidation. Exchange and ECN fees may apply.Terms and conditions are subject to change without notice.

1$69,500 is your lifetime max if you were eligible to contribute to your TFSA every year since it was first introduced in 2009. Your actual contribution room may vary.