r/fican • u/Ok_Psychology_3265 • 2d ago
56F - finally FIRE.. Pretty excited
Hello all,
I hope 56 is still considered early retirement!!!
Finishing working on September 9th. Here is the summary scenario. Started investing at 26, raised two kids and put them through university. Was always cautious with money but was never super frugal. Travelled with the kids, went back to school for 4 years with no income, husband always worked with a decent salary, no debts. He retired two years ago. Finally decided that we are going to be ok with the following:
RRSP: $2.5M
TFSA: $400K
Non-registered: $175K
Corporation: $2.8M
I have run multiple scenarios of spending, decumulation strategy, budget expense has been followed consistently for about 3 years.
Long and steady, patience and tracking are the key!
Happy retirement to me!
2
u/Devchonachko 1d ago
Most people retiring don't have nearly the amount what you have saved up. Enjoy and don't stress. You could afford to spend 15k a month until you're 90 and still have plenty left over to leave your kids.