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6 Kommentare
So what happens when a couple gets divorced after reaching that $1.7m?
Unforeseen circumstances need to be factored in
Gotta love being in my early 20s and seeing this. Retirement requirements go up hundreds of thousands of dollars while I’m here fighting for a $1.25 raise aha.
Ngl guys, ideally you don’t wanna retire in Canada. Best thing is save up your million then move to Florida, Mexico or the Caribbean, that’s what everybody does. If you stay in Canada you still have to deal with insane COL.
The US is not an option for me
This target makes no sense as an average. With the 4% rule thats 70k of income before CPP and OAS. you don’t need that much to retire on, unless they are taking 1.7M in 2046 dollars and not 2026 dollars but then the average also makes no sense as it will be different inflation levels for everyone.
There isn’t even a chance I will have enough to retire. I checked out how much I will be getting from old age welfare plus cpp and it will be $1700/month. I am going to be one of those 80 year old’s with a job at Walmart till the day I die. It’s hard not to get depressed and be hopeful for my future senior years in this country.