TORONTO - Nearly a third of retired Canadians, or 30 per cent, have returned to work and a major reason is that they misjudged how much their expected life of ease would cost.

Two new online surveys from ING Direct found that the divide between how much people saved, and how much they actually needed, was too wide to handle without a paycheque.

About 48 per cent of respondents in one survey who had returned to work cited financial concerns as the reason they took another job. And, of these, 31 per cent had returned to work full time.

Another online survey found that 33 per cent of respondents who went back to work said they hadn't saved enough money for retirement, while 31 per cent said they faced higher living costs than expected.

The surveys portray a notable disconnect between Canadians' expectations of life after the workforce and the reality of the cost.

ING Direct said that respondents wished they had found more ways to save for retirement, that they had started saving earlier and hadn't "spent money so mindlessly."

"The reality of retirement for many Canadians is a sobering reminder that you can't put your financial future on the back burner," ING Direct president and CEO Peter Aceto said in a release.

"Among the many other financial priorities we face during our prime working years, we need to make sure that retirement planning doesn't get overlooked."

Both of the online surveys were conducted with about 1,000 Canadian adults who were at least 55 years old and Angus Reid Forum panellists.

The polling industry's professional body, the Marketing Research and Intelligence Association, says online surveys cannot be assigned a margin of error because they do not randomly sample the population.

2014 World's Top 10 Retirement Havens from InternationalLiving.com
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For more than 30 years, InternationalLiving.com has been researching the best retirement havens in the world…and every January the annual Global Retirement Index is released—highlighting the best places for you to retire. This Index ranks the top 24 countries in the world for retirement in 8 categories. The top 10 countries that feature on the list this year each bring spectacular benefits for retirees living overseas—from great health care and ideal climates to a low cost of living and financial perks for retirees. Starting with number 10, here are our top 10 retirement havens for 2014.

10. Thailand
Thailand is number 10 on the InternationalLiving.com Global Retirement Index 2014.
Gilded temples are not the only treasure that Thailand has. White-sand beaches, jade and turquoise waters and swaying coconut palms all add to the splendour of Thailand. The beauty of the country is not the only attraction for retirees, who enjoy a low cost of living and great health care here, too.
Photo: InternationalLiving.com