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Financial PostDecember 2022

We’re in our 50s, but do we have enough to retire next year on $70,000 per year?

Featured writing by Allan Norman · M.Sc. · CFP · CIM

The Short Version

Retiring in your fifties means a long runway with no paycheque and years to wait before government benefits arrive, so the planning has to be especially careful. This piece works through whether a couple can step away next year and live on a set annual income, and how they'd go about pressure-testing that on their own. It walks through the building blocks of a do-it-yourself retirement plan: pinning down what you really spend, mapping which income sources start when, and bridging the early stretch before CPP and OAS kick in. It also weighs how an early exit stretches savings over more years. It's most relevant to younger would-be retirees who are comfortable with their numbers but want a framework to confirm the plan holds together before they hand in their notice.

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