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Archive for December, 2009

Amount for retirement

December 22nd, 2009 at 09:59 am

Is it possible to live on $25k pre-tax/year when retired?

We would be 100% debt free by then. Our debt is a line of credit that we are whittling down. DD's education fund will be about $40k by the time I retire. My plan is to retire in 10 years at age 55.
I've recently started putting aside 50% of my aftertax income. I'm risk averse so the majority of it is in money market rather than mutual funds.
I don't have to worry too much about health care since I'm in Canada.

I hope I'm not being unrealistic.