Quote:
Originally Posted by Doctorfever
So just to be clear, as a basic rule of thumb, I can go with the 4% rule. The day I retire, whatever my expenses are (and what I want to be able to spend), I will have enough to retire, including inflation?
I am asking because I am not well versed.
Can a person count on $650 (per person) monthly for OAS and $1200 per person who has maximized CPP?
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You can count on those values for CPP/OAS, but be aware that the average payout for CPP is about half of that. It depends on your contributions through your working career and what you're earning basically. They do make allowances for years of lower income due to staying home with children or education and that sort of thing, but overall you need 32 years at the maximum with those allowances (40 years of full YMPE total) to get full CPP.