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.

Loading Slideshow...
  • 2014 World's Top 10 Retirement Havens from

    For more than 30 years, <a href="" target="_hplink"></a> has been researching the best retirement havens in the world…and every January the annual <a href="" target="_hplink">Global Retirement Index</a> 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. <strong>10. <a href="" target="_hplink">Thailand</a></strong> Thailand is number 10 on the <a href="" target="_hplink">Global Retirement Index 2014.</a> 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: <a href="" target="_hplink"></a>

  • 9. Uruguay

    <strong>9. <a href="" target="_hplink">Uruguay</a></strong> Uruguay is number 9 on the <a href="" target="_hplink">Global Retirement Index 2014.</a> Uruguay may be the perfect place for those wishing to retire in an overseas destination that has similar cultural values to back home…and a fantastic climate. It also offers retirees the chance to bring their household goods into the country duty-free. Photo: <a href="" target="_hplink"></a>

  • 8. Malta

    <strong>8. <a href="" target="_hplink">Malta</a></strong> Malta is number 8 on the <a href="" target="_hplink">Global Retirement Index 2014.</a> Anchored almost in the center of the Mediterranean Sea, 60 miles from the Italian island of Sicily, Malta isn’t a mainstream destination for North American tourists. But if you’re looking for a safe place to retire with English-speaking locals, you should put this small European country on your retirement list. Photo: <a href="" target="_hplink"></a>

  • 7. Mexico

    <strong>7. <a href="" target="_hplink">Mexico</a></strong> Mexico is number 7 on the <a href="" target="_hplink">Global Retirement Index 2014.</a> Mexico scores highly across the board in this year’s Index, but excelled in ease of integration--settling in becomes easier when you’re just a short trip from your family and friends. But with great weather, low prices and a rich culture, you may not want to leave. Photo: <a href="" target="_hplink"></a>

  • 6. Colombia

    <strong>6. <a href="" target="_hplink">Colombia</a></strong> Colombia is number 6 on the <a href="" target="_hplink">Global Retirement Index 2014.</a> Colombia is beautiful, dramatic, and diverse. It offers sparkling colonial cities in the highlands and world-famous (and safe) resorts along the Caribbean. Colombia has a lot to offer—like a low cost of living, inexpensive properties, and a colorful and diverse culture. Photo: <a href="" target="_hplink"></a>

  • 5. Spain

    <strong>5. <a href="" target="_hplink">Spain</a></strong> Spain is number 5 on the <a href="" target="_hplink">Global Retirement Index 2014.</a> Spain is arguably one of the best bargains in Europe at the moment. Ranking high across the board in this year’s Index, but especially in the entertainment and amenities category, Spain is an ideal destination for retirees who wish to enjoy the delicious tapas on offer or soak up some European sun...all at an affordable price. Photo: <a href="" target="_hplink"></a>

  • 4. Costa Rica

    <strong>4. <a href="" target="_hplink">Costa Rica</a></strong> Costa Rica is number 4 on the <a href="" target="_hplink">Global Retirement Index 2014.</a> Popular with expats, Costa Rica remains firmly on the list of best places to retire. The country offers a great program for retirees, top-notch, affordable health care and if you find it difficult to choose which climate you prefer, you will be glad to know that the mild temperatures of the Central Valley are just two hours by car from the tropical beaches of the Pacific Coast. Photo: <a href="" target="_hplink"></a>

  • 3. Malaysia

    <strong>3. <a href="" target="_hplink">Malaysia</a></strong> Coming third in the <a href="" target="_hplink">Global Retirement Index 2014.</a>, Malaysia is the best retirement haven in Asia. Scoring highly across the board, Malaysia offers a low cost of living, world-class health care and a great climate year-round. Photo: <a href="" target="_hplink"></a>

  • 2. Ecuador

    <strong>2. <a href="" target="_hplink">Ecuador</a></strong> Coming a close second on the <a href="" target="_hplink">Global Retirement Index 2014</a>, Ecuador has an ideal climate, stunning-scenery, and offers a low cost of living for retirees. If you’re looking for relaxing beach living, quaint mountain towns or exciting city life in your retirement, Ecuador has it all. Photo: <a href="" target="_hplink"></a>

  • 1. Panama

    <strong>1. <a href="" target="_hplink">Panama</a></strong> Panama wins first place on’s <a href="" target="_hplink">Global Retirement Index 2014</a>. The combination of value and variety, convenience and beauty and its <em>Pensionado</em> program (the best in the world) have ensured Panama’s place at the top. Photo: <a href="" target="_hplink"></a>