u/financialfreedom26

Hi Everyone, looking at the incomes that people need to have a comfortable life and they very much align with the the monthly spend of those looking to retire early. It seems that high income earners generally reference $10-$15k in monthly spend which then solutions with what they will need in retirement. I am not sure if this is the result of people aggressively saving an therefore controlling the monthly spend or if this is truly what spending ends up being for most and that spend somewhat plateaus especially once mortgages etc become more manageable. Interesting as it would imply that super high incomes aren’t really needed if one wanted to working until 65 to have a comfortable life. Was curious how others felt about this monthly spend observation.

Hi everyone!! Just curious for those in their 40s and 50s how the experience has been if you live downtown what has the experience been like. Do you feel older than the majority of the folks out and about or still lots of fun? Would love to get your perspectives!!!

Hi Everyone!! A question for you. I was fortunate to get in at attractive pricing for dividend bank stocks and enbridge. Since the time I purchased we have seen massive appreciation in the share prices which have far outpaced the dividend growth. I was wondering what a reasonable growth assumption would be going forward 5-6% in dividend growth. It is also interesting bc at the current prices and where the yield is today the withdrawl rate looks very small relative to the dividends on the cost basis (yield on cost). Hard to unlock that underlying appreciation unless folks have thoughts there too. Thank you so much in advance for your expertise!!

Hi Everyone. Curiously for those that retire between 50-55 how are things going and did you have any regrets? For those high income earners did you wish you had saved a few more years of pay before making the call.

Hi Everyone,

Took a role a year ago and not entirely happy, thinking this is the opportunity to retire at the age of 53. I was curious as to if there is an ideal retirement and net worth that people are targeting. Of course having something to retire to is important and I am sure I will find fulfilment in having some time off to volunteer, discover new hobbies and mentor junior professionals in finance.

Thank you to everyone for your always great insights!

Hi everyone! I wanted to reach out for everyone’s wisdom! 53 with $6 million in a combination of non registered account, rsp and tfsa. A lot of Canadian bank stocks and enbridge (approx 3mm)that generate 100k in dividends. Additionally there is a big position that grew into 1.4mm (invested in 2010). Will look to trim 10% a year spend 40k of it and invest the rest net of cap gains into sp500. House is paid off at 1.5mm and not included in the $6mm. I would like to spend 200k a year and wouldn’t sell the bank stocks and that is the goose that lays the golden dividends.

Would I have a great “early” retirement with a good lifestyle? Broadly the media and wealth articles reference this level of saving as an outlier and very strong and extremely rare. When I read forums here it seems that it’s not that much and will be a risky venture?

I would love to get your perspective as there are so many varying messages. Also would love to know if people here would continue working at 500-700k a year at this age with this level of savings at a reasonably stressful job.

Thank you in advance for all of your sage advice and insights!!