Welcome to my Retirement page.

On this page you’ll find stories, essays, case studies and more from those who have achieved financial independence and income security. Read on to learn what could be tailored for your plan.

How much do you need for retirement?

“It depends”.

I do know with a great deal of confidence with a $1 million portfolio beyond any Canada Pension Plan (CPP) benefits, beyond any Old Age Security (OAS) government payments and assuming no debt, most Canadians will be just fine…

Quick Case Study #1 = $1 million saved

Let’s assume you have a paid off home and no debt when you retire.

You are age 60. 

Let’s also assume you have $1 million saved and invested (i.e., RRSP, TFSA) by age 60.

Do you have enough?


Should your spending needs be moderate, I know almost for a fact you could spend $40,000-$50,000 per year or up to $4,000 per month for life from your personal portfolio without outliving your money (age 100) assuming at least a 5% rate of return. 

Here’s how to build a million dollar portfolio – or something very close to it!

Quick Case Study #2 = $750,000 saved

Don’t have $1 million saved up? 

No problem, most people won’t.

You are age 60. 

With $750,000 invested, assuming no debt, you should be able to spend $35,000-$40,000 per year or around $3,200 per month for life from your personal portfolio.

You can play with this calculator here thanks to

My other favourite calculator is here – Variable Percentage Withdrawal (VPW).

I have more tools to run some math on my Helpful Sites page – all FREE.


Need some retirement income planning help? Hire me!

I also run a great eductional and service site called Cashflows & Portfolios, a site dedicated to helping you manage your cashflow and portfolio wisely including any drawdown plans.

Cashflows & Portfolios

With my partner on that site, we use professional financial software to deliver customized, personal reports to help you answer just some of the following:

  • Do you have enough to retire?
  • When can you retire?
  • How much can you spend?
  • Should you take CPP at age 65 or 70?
  • How do you minimize the OAS clawback?
  • What is your taxation during retirement?
  • What is your final estate value?
  • Which account should you consider withdrawing from first, then next, and why – for the highest tax efficiency and estate value?
  • And more and more!

The best part: because I’m not in the business of providing any direct financial advice, the cost of these services is well below what any financial advisor would charge! 

Again, learn more at Cashflows & Portfolios about our low-cost income projections for you. 


What about 4% safe withdrawal rate?

Heard of the 4% rule?

I intend to use some form of it for my retirement planning but I don’t take it as gospel. You shouldn’t either. The “4% rule” is a rule of thumb – at best. A good starting point. Here is the actual article from 1994!

4% rule

The 4% rule remains a decent rule of thumb.

Here is a proven path to retirement ignoring the 4% rule.

One might argue does the 4% rule still make any sense???


Retirement planning is just one part of a Financial Plan

What is a financial plan and what should that cover? Read on in this comprehensive post about the elements of a financial plan.

You can find my own personal financial independence plan here!

I don’t really believe in FIRE (Financial Independence, Retire Early), especially the “RE” part. I do believe in Financial Independence, Work On Own Terms (FIWOOT)!


When to take CPP or OAS? 

These are the best options when to take Canada Pension Plan.

Should you defer CPP to age 65 or even age 70? Here’s when to consider that.

Don’t forget about CPP and OAS survivorship benefits – learn all about them here.


How can you generate retirement income? Check out this essential article:

How to generate retirement income


Curious about FIRE (Financial Independence, Retire Early)? 

Can you retire early on a lower income? It’s far from easy, but it can be done. Read on in this case study about what this reader can do.

This newcomer to Canada wants to achieve financial independence with his family by age 50. Is he on track? What will it take based on his desired spending?

These millennials want to FIRE at age 50. Can they do it? What will it take?

Do they have enough for FIRE at age 52?  With $800k invested and a workplace pension? Find out.

Financial Independence fulfilled by Dividend Growth Investor

Mike and Julie want to spend $50,000 per year in retirement starting in their 50s. How much do they need?

This investor retired at 32! Find out how here.

I interviewed Millennial Revolution (some of Canada’s youngest, early retirees) about their approach to ditch Toronto home ownership and becoming millionaires instead. 


More retirement case studies and articles!

I’m single – is it possible to retire at age 55?

How much do you need to retire on $7,000 per month?

5 Important Factors to Consider in Your Decision to Retire

How much do you need to retire on $6,000 per month?

How much do you need to retire on $5,000 per month?

Can I retire at age 55 with higher inflation?

How to invest for retirement when time is no longer your friend

Spend more or retire earlier in this bulletproof retirement plan

They have $1.2 million and no pensions, can they retire?

Passive and active investing can exist in retirement harmony

Age 60, retirement on a lower income – can I do it?

Passive Investing Success – The Evidence is Here

Retirement worries?  Not here.  Find out why.

Save like this, retire like that – My story about early retirement in style

Can you Beat the Index? Yes, and Ross Grant proves it.

The sleep easy way to save and invest for retirement

Early 90s, sold the home, now what?  How to invest $600,000 to cover retirement home expenses

Should you own a mortgage in retirement?  How you can retire even with debt

How to use real estate, ETFs and dividend stocks to retire in style


Beneficiaries – Don’t Forget the Fine Print!

Beneficiaries for TFSAs, RRSPs, RRIFs and other key accounts