Welcome to my retirement page.  On this page you’ll find information, stories and essays from others who achieved financial independence and security.  Read on and learn from them – how you can tailor your own retirement success story from their lessons learned.

How much do you need to retire?

I have no idea – for you 🙂

I know with a great deal of confidence with a $1 M personal portfolio (beyond workplace pensions, beyond Canada Pension Plan, beyond Old Age Security) and no debt – we will be able to at least semi-retire the way we want in our 50s.

However, even if I have no idea about your financial goals, spending patterns, or estate plans, I can offer some guidance thanks to various online calculators and other knowledge I’ve acquired over the years. Read on.

Case Study #1 = $1 million saved

Let’s assume you have a paid off home when you retire.  Let’s also assume you have $1 million saved in various investment accounts by age 60 including your RRSP.  Add in government benefits in your 60s like Canada Pension Plan (CPP) and Old Age Security (OAS), which should amount to an average of about $1,000 per month per person then:

$1 million invested in a diversified portfolio at age 60 could easily last 30-40 years by withdrawing about $40,000-$50,000 per year (pre-tax) from your portfolio.

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

If you have $1 million saved/invested by age 60 (and no debt) then I think you have very little to worry about in retirement unless you’re a big spender.

$1 M Invested

Here is an article about our desired Crossover Point.

Case Study #2 = $750,000 saved

Take $750,000 invested, age 60:  you’ll be able to withdraw $40,000 per year (pre-tax) from your RRSP or RRIF lasting until age 90 with a 5% return.  That excludes CPP and OAS payments.  You can play with this calculator here.

Case Study #3 = $500,000 saved

If you have $500,000 in your RRSP by age 60:  that’s $30,000 per year (pre-tax) until age 82 with a 5% return. Again, that excludes CPP and OAS payments.

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


Want to read about successful investors that have been there, done that?  Of course you do!  Read on to learn from these retirement essays for your plan!

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.

How to achieve FIRE – Early Retirement profile from Get FIRE’d asap

Ditching home ownership and becoming a millionaire instead

Retired at 32. How he did it and the lessons learned – Part 1 of 2

The sleep easy way to save and invest for retirement

They want to spend $50,000 per year in retirement. Did they save enough?

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

FIRE at 52, how to draw down what we’ve worked so hard for

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

Financial Independence Retire Early (FIRE)

Here’s a list of sites I’m starting to visit more frequently – bloggers who have reached early retirement or are well on their way…

Beneficiaries – Don’t Forget the Fine Print!

Beneficiaries for TFSAs, RRSPs, RRIFs and other key accounts