Quote:
Originally Posted by GGG
Depending on situation and your belief in Social Programs you can knock that down significantly. Assuming married 600 in OAS per person and even a vet conservative 600 combined CPP and you have 1800 per month in income which using a 4% SWR is work about 540k.
So 1 million in today’s dollars with today’s social programs and a paid off house is enough to retire comfortably.
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If your retirement is staying home, or the odd dinner out maybe. If you want to enjoy your retirement, if you want a trip or two a year, it's really not. It's not now, in 20 years it won't be close.
A lot of people are planning for really miserable retirements and then they'll die quicker because they're literally bored to death.