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06-29-2009, 08:35 AM
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#181 |
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Senior Member
Join Date: Apr 2009
Location: BC Gulf Islands
Posts: 437
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Assuming a modest 4% return, 2% inflation, both living to Dad's age 95, taxed in Ontario and assuming Mom collects just half the CPP max... they will attain a $42,124 combined lifestyle. They seem to be OK.
(Oh, and this doesn't require them to do any part-time work) |
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07-13-2009, 11:29 AM
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#182 |
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Junior Member
Join Date: Jul 2009
Location: GP - AB
Posts: 2
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I read all 19 pages of " How much do you need to save to retire?"
It,s very interesting thread . Article below is also very interesting: Who's broke in Canada? Look in the mirror. It might be you. By Malcom Hamilton | October 1999 http://www.cyberclass.net/hardworking.htm Last edited by cypek57; 07-13-2009 at 09:05 PM. Reason: link not working |
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07-13-2009, 12:21 PM
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#183 |
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Senior Member
Join Date: Apr 2009
Posts: 1,176
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Cypek - that is a non-functioning link, and I can't bring it up on the MoneySense site. Can you post a working link?
__________________
Co-author, with Moshe Milevsky, of Pensionize Your Nest Egg (August 2010). |
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07-13-2009, 09:07 PM
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#184 |
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Junior Member
Join Date: Jul 2009
Location: GP - AB
Posts: 2
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07-27-2009, 01:10 PM
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#185 |
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Member
Join Date: Apr 2009
Location: Alberta
Posts: 62
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Here are a couple general calculations used to determine how much you need for retirement.
How Much Do You Need To Retire? The 4% Rule How Much Do You Need To Retire? The Rule Of 20 |
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Linear Mode
