Hi all,
My wife and I are thinking more and more about retiring and I'd love your opinion and target number. We live in a HCOL Area. We don't own any house, we rent. We have no car we use Transit to go to work. We don't plan to buy a house because we don't know, long term, where we want to stay and renting is more flexible. Maybe when Older and we will buy a place.
2025 expenses:64k Rent account for 21K and vacation for 18K.
Cash: 330k - Including 186k worth in euros
Investment: 1.6m - mostly in non registered as we came to Canada 5 years ago. 1.2m in GAFA which we are selling little by little every year to derisk. We should be out of it in 6 years for XEQT / VT instead.
What target would you put to yourself in this situation? What would you recommend