Future Pension Plan Adequacy
in a Changing World:
Canadians’ Preparation for Retirement - CPR
Retirement and Savings Institute (RSI), HEC Montréal
The Canadians’ Preparation for Retirement (CPR) project aims to shed light on the risks that may impact future pension plan adequacy of Canadians in a rapidly changing pension landscape. To answer this question, the research team developed an open-access stochastic retirement preparation simulator based on transparent and flexible assumptions. The individual online interface of the CPR simulator is now available. The calculator includes a stochastic version that models fluctuations over time for several variables such as investment returns, house prices, earnings, etc. Importantly and innovatively, this allows to compute not only retirement preparedness in a binary manner, but also the probability that a household will be adequately prepared for retirement.
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