'Is it Time to Retire? Do I Have Enough?' — Canadian, 49, With $1.8M Net Worth Wonders If It's Safe To Pull The Trigger

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Can you safely retire at age 49 in Canada with a 2.5 million Canadian dollars ($1.8 million) net worth?

That's the question one signal professional is asking as he looks to escape his cubicle job at which he earns CA$140,000 per year and travel the world while he still has his health.

He owns a condo worth CA$600,000 that's completely paid off and has CA$1.7 million in liquid investments across his Canadian retirement and taxable accounts.

"Is it time to retire? Do I have enough? " the man asked Reddit's r/PersonalFinanceCanada community.

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His goal is to live on CA$40,000 to CA$45,000 per year . A standard 4% safe withdrawal rate on his 1.7 million Canadian dollars in liquid assets would generate CA$68,000 annually, easily covering his target lifestyle. On top of that, he expects to collect another CA$18,000 per year from government benefits once he turns 65.