u/MajorExperience2942

Hello CPF,

24yo from Toronto. I've been buying mostly veqt with much smaller positions in a qqq tracker (qqc) and a few individual stocks, and a 7% yearly compound rate gives me about 3MM by the time I turn 65 even if I don't contribute another penny. 4% of that is 120k/yr before CPP and OAS payments (no pension from work), which is more than what I expect to spend to spend in retirement.

I'm still contributing every pay cheque (between 1-2k/month) and bonus, but have I unknowingly achieved Coast FI? Is retirement math really that simple? How would it change if I, lets say, aim to become work optional by 45?

Net worth breakdown as follow:

16k in cash (emergency savings)

84k in TFSA

33k in FHSA (not planning on buying, will roll into RRSP)

49k in RRSP (partly managed by company)

57k in non-reg

Edit:
Single, no kids, net about 3k biweekly, monthly spending fluctuates between 3.5-4.5k but can spike during holiday season

Hello fican,

24yo from Toronto. I've been buying mostly veqt with much smaller positions in a qqq tracker (qqc) and a few individual stocks, and a 7% yearly compound rate gives me about 3MM by the time I turn 65 even if I don't contribute another penny. 4% of that is 120k/yr before CPP and OAS payments (no pension from work), which is more than what I expect to spend to spend in retirement.

I'm still contributing every pay cheque (between 1-2k/month) and bonus, but have I unknowingly achieved Coast FI? Is retirement math really that simple? How would it change if I, lets say, aim to become work optional by 45?

Net worth breakdown as follow:

16k in cash (emergency savings)

84k in TFSA

33k in FHSA (not planning on buying, will roll into RRSP)

49k in RRSP (partly managed by company)

57k in non-reg

Edit:
Single, no kids, net about 3k biweekly, monthly spending fluctuates between 3.5-4.5k but can spike during holiday season