Long time lurker first time poster.
42m 39f
Wife and I have been grinding to hit our numbers.
We have been non residents for 3 years and saved quite a bit. With things souring in middle east we are making a plan to come back to Canada this Jan and our future plans discussion has kicked off again.
Wife is very anxious and rightfully so about her jobs and future. She left her industry and has been working with me in mine for past 3 years. It's kind of related. She's super smart and I think able to get a full time role if she wanted in her or my industry when returning.
The thing is we just need a few more years I feel at this rate to hit some solid numbers. She's terrified about the idea of nothing to fall back on or stopping working. Is this normal ? For me I can't wait to stop lol.
2 homes paid off about 2.3m in equity.
1 of them a rental at 33,000/year.
By Jan 27 projecting about 2.2m saved ( invested )
I want to work for about 10 more years and at this rate maybe be at about 6m cash saved.
We also have high life insurance policies etc.
God willing , our health first and most important , if things go to plan , I feel this is a very comfortable retirement.
Let's say things don't go well and we end up with 4m saved in 3 years and that's the best we can do.. we can sell rental and take that 1m and invest it with the rest. Total 5m
Is this reasonable? Or should I also be as anxious as her and I'm out of touch ?
5m @ 4% is 200k/year.. car, home paid off, take a few trips a year, kids future Univ already put aside.