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View Poll Results: What is your retirement Plan?

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  • Leave Canada, live where it's cheap

    19 11.73%
  • Live in an RV, Cabin, or Boat

    3 1.85%
  • No Debts / >30K Year of Income

    10 6.17%
  • No Debts / >50K Year of Income

    32 19.75%
  • No Debts / >80K Year of Income

    60 37.04%
  • Make Due with Government Pension

    7 4.32%
  • Work until I die

    31 19.14%
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Thread: You Retirement Goals?

  1. #21
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    Quote Originally Posted by max_boost View Post
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    beyond standards lol

    1mill every decade?

    1mill at 30
    2mill at 40
    3mill at 50
    Etc.
    That’s not usually how it goes. The first million takes the longest to reach. The next million takes incrementally less time, and so on.

  2. #22
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    My hope? No Debts / >80K Year of Income

    My plan? No Debts / >50K Year of Income

    Realistically? No Debts / >30K Year of Income

  3. #23
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    Quote Originally Posted by xrayvsn View Post
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    That’s not usually how it goes. The first million takes the longest to reach. The next million takes incrementally less time, and so on.
    Yup. You need money to make money.

  4. #24
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    Quote Originally Posted by xrayvsn View Post
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    That’s not usually how it goes. The first million takes the longest to reach. The next million takes incrementally less time, and so on.
    Hehe is this from your personal experience

    I’m still trying to get to that first mill lol was hoping to get there by 40 but doesn’t look like that’s gonna happen
    Quote Originally Posted by max_boost View Post
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    In Beyond We Trust

  5. #25
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    Quote Originally Posted by max_boost View Post
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    Hehe is this from your personal experience

    I’m still trying to get to that first mill lol was hoping to get there by 40 but doesn’t look like that’s gonna happen
    It's a lot easier when your SO helps you get there... not the other way around lol.

  6. #26
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    That’s a whole other discussion lol I’ll do it myself! Don’t need no woman to make me rich!

    Jk I hope I find the one
    Quote Originally Posted by Disoblige View Post
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    It's a lot easier when your SO helps you get there... not the other way around lol.
    Quote Originally Posted by max_boost View Post
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    In Beyond We Trust

  7. #27
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    Quote Originally Posted by max_boost View Post
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    beyond standards lol

    1mill every decade?

    1mill at 30
    2mill at 40
    3mill at 50
    Etc.
    7% return will double the first mill in 10 years. The next 10 years will double the 2 mill to 4 mill. Easy peasy.
    Originally posted by max_boost
    Hey baller, any problem money can solve is no problem at all. Don't sweat it.

  8. #28
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    The way things are going by the time I retire 80k/yr won’t even cover my property taxes...
    Originally posted by Thales of Miletus

    If you think I have been trying to present myself as intellectually superior, then you truly are a dimwit.
    Originally posted by Toma
    fact.

  9. #29
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    Quote Originally Posted by killramos View Post
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    The way things are going by the time I retire 80k/yr won’t even cover my property taxes...
    I have to remind myself that you, in fact, are not 85 years old

    However, if using historical inflation data for Alberta, 80,000 today could be the same as 284,000 in 40 years.

    https://inflationcalculator.ca/alberta/
    Last edited by msommers; 05-08-2019 at 09:25 AM.
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  10. #30
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    Retiring at 50, 7% return, 3% inflation, drawing $80K/year the 1st year.

    You will run out of $ by:

    $1M = 69 years old.
    $2M or more = never broke your portforlio will actually be $5M by 70.

    But remember that your retirement could evaporate on a single Trump tweet. And you really don't need money after 70.

    Live it up while your body can handle it. Money is never yours, experiences are.
    Last edited by Xtrema; 05-08-2019 at 09:32 AM.

  11. #31
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    Quote Originally Posted by xrayvsn View Post
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    That’s not usually how it goes. The first million takes the longest to reach. The next million takes incrementally less time, and so on.
    This mirrors what my parents friends have all said... the first 20 years of working was getting the experience/connections/knowledge and the next 20 was where they really benefited financially from it.

  12. #32
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    Quote Originally Posted by Xtrema View Post
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    Money is never yours, experiences are.
    This is how my wife and I think, we don't buy anything material for one another, we put the cash towards experiences together.

  13. #33
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    Quote Originally Posted by vengie View Post
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    This is how my wife and I think, we don't buy anything material for one another, we put the cash towards experiences together.
    I have a similar mindset as well but I also realize that a lot of experiences in life are very low cost and even free. Just have to commit the time to it.

  14. #34
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    Quote Originally Posted by msommers View Post
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    I have to remind myself that you, in fact, are not 85 years old

    However, if using historical inflation data for Alberta, 80,000 today could be the same as 284,000 in 40 years.

    https://inflationcalculator.ca/alberta/
    That’s exactly what I am saying, all your costs will go up. And the 2 million you need to retire, might need to be 5-10.

    Let’s not even discuss how much taxes overall are likely to increase on a % basis between now and then to cover all the green new deal type crap people want these days.
    Originally posted by Thales of Miletus

    If you think I have been trying to present myself as intellectually superior, then you truly are a dimwit.
    Originally posted by Toma
    fact.

  15. #35
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    Semi-retire by 35
    Pump out a couple kids
    Enjoy the shit out of life
    Make everyone else question their life choices

  16. #36
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    ...
    Last edited by Sugarphreak; 08-18-2019 at 04:23 PM.

  17. #37
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    Quote Originally Posted by BavarianBeast View Post
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    Semi-retire by 35
    Pump out a couple kids
    Enjoy the shit out of life
    Make everyone else question their life choices
    Sounds good in theory. Kids are going to test your relationship to the maximum. You may not enjoy the shit out of life, they (kids) become your priority. No more yoloing, until they’re a bit older.
    "The most merciful thing in the world, I think, is the inability of the human mind to correlate all its contents... some day the piecing together of dissociated knowledge will open up such terrifying vistas of reality, and of our frightful position therein, that we shall either go mad from the revelation or flee from the light into the peace and safety of a new Dark Age."

    -H.P. Lovecraft

    Kim Kardashian Sex tape:
    Originally posted by hadookin
    nice box... to bad that nigs face is in it

  18. #38
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    Experiences > Things = Bang on

    Quote Originally Posted by Sugarphreak View Post
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    I think this is one of those realizations you have later in life

    A lot of the things we want out of life don't require us to be millionaires.


    Only need millions if you want to make the Beyond Ballers list
    Quote Originally Posted by max_boost View Post
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    In Beyond We Trust

  19. #39
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    Quote Originally Posted by Darkane View Post
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    Sounds good in theory. Kids are going to test your relationship to the maximum. You may not enjoy the shit out of life, they (kids) become your priority. No more yoloing, until they’re a bit older.
    i dont think kids will slow down his lifestyle... and if they do he can ship them off to a top boarding school in europe

  20. #40
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    .
    Last edited by Sugarphreak; 06-15-2019 at 11:52 AM.

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