A growing number of Canadians are changing their retirement plans based on the rising cost of living.

That’s according to a recent Narrative Research survey which shows that one third of those asked plan to retire before the age of 65 while three in ten plan on retiring after the age of 65.

Of those planning to delay retirement, most plan on retiring between the ages of 65 and 69.

Just under half of all Canadians asked say they’ve had to change their retirement plans due to economic factors out of their control.

Margaret Brigley of Narrative Research says people born after 1965 are the least likely to see retirement as an option they’ll be able to undertake.

“Eight per cent of people across the country said ‘I don’t think I’m ever going to be able to retire’… because they don’t have any economic plans to, you know sustain people. I found that one surprising,” says Brigley.