In 100 words or less, how we calculate how much our clients need to retire!
Aug 06, 2021
First, we determine how much you spend; without knowing what your ideal quality of life now looks like, it’s impossible to predict the future.
Next, how many years until you retire? What will your life cost you at that point?
๐๐ผ๐ ๐บ๐ฎ๐ป๐ ๐๐ฒ๐ฎ๐ฟ๐ ๐๐ถ๐น๐น ๐๐ผ๐ ๐น๐ถ๐๐ฒ? No crystal balls here, but we usually use 95 as a 'target age' (life expectancy in Canada hovers around 83).
๐๐ผ๐ ๐ฐ๐ผ๐บ๐ณ๐ผ๐ฟ๐๐ฎ๐ฏ๐น๐ฒ ๐ฎ๐ฟ๐ฒ ๐๐ผ๐ ๐๐ถ๐๐ต ๐ฟ๐ถ๐๐ธ?When projecting outwards 10,20, or 40 years there is little chance in having a consistent return on investment for that entire period, but we need somewhere to start.
Once you have those numbers you can start to make decisions on where to invest, how much to save monthly, etc.
Slide into our DMs if you would like to do your own projection with us. We are happy to do it with no commitment necessary to work together. For real - we are here to help and educate!
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