
How Much Do I Need Saved to Retire with $5,500 of Income Per Month?
In this video, we're going to look at that question through the lens of a monthly cashflow planner. It's my firm belief that a solid financial plan in retirement starts with cashflow, laying out what we need to have coming in the door each month so that we can live comfortably and stay comfortably retired. Then we're going to work our way into the financial plan. We're going to stress test this financial plan, and we're going to come to an answer regarding how much money we need to have saved up to augment other income sources that we're going to have in retirement, specifically Canada Pension Plan and Old Age Security.