I’ll give you the Cliff Notes version to simplify this:
34M
Salary: $115,000 Average. This can fluctuate depending on the year. We do get yearly raises of anywhere between 1.5-3% a year.
Pension: $180,000. Adding $12,500/year (100% Equities)
RRSP: $126,000 (100% XEQT)
TFSA: $30,000 (100% stocks)
30F
Salary: $81,000-$83,000. Also yearly raises of 2-3%/year.
Pension: $80,000. Adding $8250/year. (100% Equities)
RRSP: $10,000 (100% XEQT)
Right now we are adding a bare minimum of $400/month into TFSA. This is due to some extra expenses we need some extra cash for as we have some work to do around the house on the exterior).
Mortgage Amount $574,000 (roughly). House would probably be worth $625,000 (conservatively).
No kids, and I don’t think there are any plans to have any.
Without getting into a full blown budget amount it seems like we have a net annual income of $126,500. Expenses are about $78,000-$80,000/year.
Obviously the surplus of $46,000-$50,000 doesn’t include any money for travel/discretionary spending. I’d imagine $25,000/year between the 2 of us for spending would be more than enough, which still gives us a fairly heavy surplus. That being said we do want to finish the new house we built (landscaping, deck, etc) which will hopefully be done in a year or two.
I’d love to know your guys thoughts, or if we should try to do anything else/plan for anything else. Thanks!