[GranteedEV]

i know it's 30-35 years down the line but financially independent retirement before age 70 feels impossible to be honest. To get 75k a year in income, assuming about 9k of that is from pension, it means i need to have 1.32M saved up That however assumes GICs are still doling out 5% interest. Otherwise, if GICs are half of that, i need double that amount. And even that ignores inflation, which can eat into any gains. Maybe i am just a pessimist but even if I put all my money into something like XEQT and trust the market, there's a good chance I won't have anywhere near the money i need even at age 70 to retire comfortably.