Saving for retirement is a lengthy process and often involves utilizing contributions to both a registered retirement savings plan (RRSP) and a tax-free savings account (TFSA).

However, statistics show Canadians are saving less than four per cent of their disposable income and, despite the billions of dollars invested in RRSPs and TFSAs, have plenty of room to add more to their retirement nest eggs.

CBC News has compiled a number of important figures on retirement and financial planning in Canada. All figures are from Statistics Canada unless otherwise indicated.

5,956,010 number of Canadians who contributed to an RRSP in 2010.

26% percentage of eligible tax filers who contributed to an RRSP in 2010.

$33.9 billion total RRSP contributions in 2010 (up from $33 billion in 2009).

$717 billion total amount Canadians were entitled to contribute in 2010 (up from $671 billion in 2009).

$632.9 billion total unused RRSP contribution room.

21 million number of Canadians with unused RRSP contributions in 2010.

$2,790 median RRSP contribution in Canada in 2010 (up from $2,680 in 2009).

Read more:
Retirement savings in Canada — by the numbers