▲ 5 r/CanadianRetirement+1 crossposts

63, eligible for 50% OAS + 50% CPP - $1.7MM CAD in RRSP's and TFSA

63, eligible for 50% OAS + 50% CPP - $1.7MM CAD in RRSP's and TFSA - no company pension. Just got made redundant.

How worried do I need to be about retirement?

I figure 1.7MM @ 3% draw means it won't run out if put 80/20 into equities / bonds.

Should give me all in ~$60K per year to live on which will inflation correct automatically over the next 25 years.

Seems light - also seems precarious. A decent ('87 or '07) style crash would leave me eating dog food.

Thoughts? How worried do i need to be?

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u/Fearless-Dirt6848 — 11 days ago

Old guy here. I have a British LLB - from a world top 50 school (and am British - so makes sense to have studied there) but never practiced - I did Tax.

I'm headed into my sunset years but want to 1. Keep my mind active 2. Get some small income coming in.

World it be worth my qualifying for the Ontario Bar? It looks like it would be 2 exams than articles.

I'm mostly interested in arbitration.

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u/Fearless-Dirt6848 — 5 months ago