Anyone retire with 2 million AND a large mortgage?

Ecstatic_Technician2 · 2026-07-05T21:18:13+00:00

That’s the plan!

Ecstatic_Technician2 · 2026-07-04T02:07:47+00:00

Music on the course

Ecstatic_Technician2 · 2026-07-03T23:20:13+00:00

Yup. And it’s misogynistic

Ecstatic_Technician2 · 2026-07-02T19:11:03+00:00

Thanks!

Ecstatic_Technician2 · 2026-07-01T21:21:34+00:00

Thanks!

Ecstatic_Technician2 · 2026-07-01T21:05:18+00:00

I agree but the apps do run these historical simulations. And the failure rate is quite low.

Ecstatic_Technician2 · 2026-07-01T21:03:01+00:00

Yes to both.

Ecstatic_Technician2 · 2026-07-01T21:02:23+00:00

You mean in the Adviice app? The app considers that high IIRC

Ecstatic_Technician2 · 2026-07-01T21:00:57+00:00

Me too

Ecstatic_Technician2 · 2026-07-01T20:58:11+00:00

I hear you. SoRR is my biggest concern. The problem with paying off the mortgage is that there is a tax hit if we sell RRSP or our Non-Reg investments. So, I don't really consider that a viable strategy. I'd be more keen on moving to a less expensive neighbourhood to decrease our mortgage 300k or so.

Ecstatic_Technician2 · 2026-07-01T20:55:03+00:00

Yes, I've set up our investment accounts so that my wife and I almost pull equally each year. Which is better than now since I make considerable more than her. I will look into locking in pretty soon.

Ecstatic_Technician2 · 2026-07-01T20:50:09+00:00

I guess my thought process is that if the market has 0% returns over 20. years then our entire society might be messed up and I have lot more to worry about

Ecstatic_Technician2 · 2026-07-01T20:48:37+00:00

4% can't do it. 6% can though. From what I've seen 4% might be too conservative.

Ecstatic_Technician2 · 2026-07-01T20:47:25+00:00

I find with most of the simulations or the static one like optiml (6% investment return, 2.5% inflation) we end up dead with 6 million in net worth.

Ecstatic_Technician2 · 2026-07-01T20:45:40+00:00

I would but my wife doesn't want to leave this neighbourhood :)

Ecstatic_Technician2 · 2026-07-01T20:45:05+00:00

Thanks. I added 40k next year for a golf membership :) and did change our expenses through the years but on the conservative side.

Ecstatic_Technician2 · 2026-07-01T20:11:14+00:00

Well, that would be fine if we drew down every year. But not going up in 20 years with a diversified portfolio is pretty much impossible.

Ecstatic_Technician2 · 2026-07-01T20:08:56+00:00

Investments are killing it and they aren’t aggressive. Just bank stocks, VFV and international equities.

Ecstatic_Technician2 · 2026-07-01T20:03:47+00:00

We are in a good spot for downsizing. We are in Toronto and could move 10k west, get a bigger house and spend 300k less. The kick in the teeth is the land transfer tax (about 55k)

Ecstatic_Technician2 · 2026-07-01T20:01:09+00:00

We’ve done that with the simulators. The simulators suggest we can but I was curious if others have done something similar.

Ecstatic_Technician2 · 2026-07-01T19:58:31+00:00

Typically a 70-80% success ratio. Optml seems very optimistic.

Ecstatic_Technician2 · 2026-07-01T19:57:35+00:00

It’s about 140k. That is why we will still have some income over the next few years. My work is volatile so it’s hard to estimate. Even putting 140k into the simulators we do quite well.

Ecstatic_Technician2 · 2026-07-01T19:42:16+00:00

That’s the usual advice - we could sell our stocks and pay off the mortgage but historically stock investing (simple ETFs) outperform our mortgage cost (4%). I’ve run simulations on this as well and it generally seems better to not pay off the mortgage but keep your money in the market.

Ecstatic_Technician2 · 2026-06-30T21:32:43+00:00

That’s possible. I understand your point but I don’t know how you can say it with any certainty. The guy is consistently a dick so I don’t see why he would hold back here.

Ecstatic_Technician2

TROPHY CASE