Can Valeria, 53 with investments worth $1 million in RRSPs, TFSAs and GICs, retire in two years?

1 month ago 5

Rommie Analytics

Valeria’s income goal and RRSP balance should allow her to meet her cash flow needs in retirement using just her employer pension, and registered assets, until age 65.

Valeria* is 53 and single, and wants to retire in two years. She is debt free, owns her Nova Scotia home and has built an investment portfolio worth just over $1 million. Her target monthly income in retirement is $4,500 before tax — similar to her current monthly cash flow needs. She wonders: Is this realistic?

Valeria sees her retirement lifestyle as a seamless extension of her current lifestyle, minus work. She ty...

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