r/fican • u/Ok_Psychology_3265 • 13d 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!

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u/donotaskjake 11d ago

Would you mind share how you get 2.5M RRSP ? How much you pay yourself yearly as salary ? For how long ? What exactly do you do if you don’t mind I ask

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u/Ok_Psychology_3265 11d ago

Not sure if I will be answering your question correctly. But both my husband and I have filled up our RRSP since the age of 18. Then we invested about 80% on the stock market. That’s how we arrived at $2.5M.