Quote:
Originally Posted by GGG
About 60k per year plus CPP/OAS so 1.2 million with paid off house retire at 50 or so.
An interesting question is that you could double your net worth in exchange for 7-10 years of time. At what point does that become too large of a trade in terms of life left vs work.
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I'd say your number is definitely "reasonable" for most, and probably a bit higher than what most will actually hit. I sure envy those with a government pension that can check out at age 55 with a decent monthly stipend. The question though also needs to be... do you take the monthly, or lump sum?
W.r.t. doubling money time... I use ~8yrs for doubling existing. I also assume I'll be saving more during that time period... or just blowing it on new toys.
I think we need a questionnaire about 1) what age do you WANT to retire; 2) what age do you EXPECT to retire?