[Four Pillars]

My parents retired 13 years ago with a new car ,house paid for about $350,000 in mixed savings,gic , stocks and RSP and roughly about $1800 a month(after taxes) in pensions(private pension ,OAS ,cpp)They spend $3000 after tax money today but they eat well ,entertain ,have snow mobiles ATV etc and enjoy that sort of active life.A couple years ago my Dad told me he is screwed if he lives past 80 lol .They are 73 now and all RSP has been taken out and the taxes are paid.They still have $150,000 left of their retirement cash which is largely in Canadian dividend stocks.So it is possible to have a great retirement on $500,000.

The problem is that in your example, they didn't have $500k. They had $500k in investments plus a pension that was probably worth at least another half a million or more.

That's a pretty far cry from 'retiring with $500k"

 

[Four Pillars]

It would not be so much fun then Marina & the mods [for the most part] are pretty tolerant here, however, people sometimes need to be a little sensitive to the question being asked.

I hear what you are saying, but the person who originally posed the question has never posted again and may or may not have read any of the response posts.

My point is that if the OP isn't going to stay involved in the thread, then staying on topic shouldn't really matter much.