While the vast majority (91 per cent) of Canadian workers say they’re saving for retirement, just 69 per cent are confident they’re saving enough, according to a survey by LIMRA.

The survey, which polled more than 1,500 retirees and employees aged 40 to 85 years old with at least $100,000 in household investable assets, found fewer workers making less than $50,000 (28 per cent) per year and between $50,000 and $74,999 (43 per cent) are saving for retirement through an employer-sponsored pension plan, compared to those earning between $100,000 and $149,999 (63 per cent) or $150,000 and up (67 per cent).

Read: Canadians concerned about retirement readiness: surveys

Although 86 per cent of respondents who have a formal, written retirement plan are “very” or “somewhat” confident they’re saving enough, just 58 per cent of those with no retirement plan express the same level of confidence.

“While the majority of non-retired Canadian workers feel confident they will be able to live the lifestyle that they want in retirement, carriers and advisors should stress the importance of lifetime-guaranteed options and how a formal written plan can help them ensure they are able to live the retirement they hope for,” said a press release by LIMRA.

Read: New surveys highlight discrepancies in retirement readiness