US Couples Need $849,000 on Average to Retire in Canada, Investopedia Analysis Finds

American couples retiring in Canada need an average nest egg of about $849,000 beyond Social Security, with provincial targets ranging from roughly $710,000 in Prince Edward Island to $997,000 in British Columbia, according to an Investopedia analysis. The estimate assumes a 4% withdrawal rate and about $72,000 in annual couple expenses, including rent and private health coverage. A favorable exchange rate and lower living costs give US retirees greater purchasing power. As of September 21, 2026, US$100 converted to about CA$140, while purchasing-power parity sits near CA$1.26. Housing drives most provincial variation, with annual two-bedroom rent ranging from about $13,600 in Quebec to $21,100 in British Columbia. Canada's foreign-buyer ban, scheduled to expire in January 2027, pushes many Americans toward renting. Added costs total roughly $24,700 annually, two-thirds for private health insurance and about $2,080 for cross-border tax preparation. Each 1% gain in the Canadian dollar raises the required savings target by about $13,000.