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submitted 2 weeks ago* (last edited 2 weeks ago) by Davriellelouna@lemmy.world to c/canada@lemmy.ca
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[-] NoneOfUrBusiness@fedia.io 34 points 2 weeks ago

Uh... You do need millions to retire.

[-] skankhunt42@lemmy.ca 8 points 2 weeks ago

😮‍💨 doing the math to figure this out is depressing.

[-] Arkouda@lemmy.ca 2 points 2 weeks ago

In the current situation yes. The point is we need to fix it so one doesn't need excessive capital to simply retire, and the rich begging to be taxed more can do a lot on their own to help without the Government.

[-] lolrightythen@lemmy.world 1 points 2 weeks ago

Not if you publicly fund health care.

[-] Lemmyoutofhere@lemmy.ca 8 points 2 weeks ago

Need millions to retire even in Canada.

[-] howrar@lemmy.ca 4 points 2 weeks ago

We have healthcare figured out for the most part. The issue here is housing.

[-] lolrightythen@lemmy.world 1 points 2 weeks ago

Well I'm boned

[-] NoneOfUrBusiness@fedia.io 3 points 2 weeks ago

I mean that too, but also cost of living, rent if you don't own a home, etc add up over the two or so decades you'd expect to live after retirement. And if you do own a home, congrats you're a millionaire.

[-] Maeve@kbin.earth 0 points 2 weeks ago

Almost like the col should be reigned in.

[-] NENathaniel@lemmy.ca 0 points 2 weeks ago

I feel like a lot of people retire with much much less than "millions". Might not be a super comfortable retirement but, def doable.

[-] corsicanguppy@lemmy.ca 16 points 2 weeks ago

My mom 'retired' with 'much much less than "millions"'. She stopped working at 75.

She lives in a small $2/sqft/mo rental with dodgy power, asbestos in the walls, windows stuck shut, people staggering past the fuse box all night, miner bees in the walls, and shit Internet. It's a coastal town with no access by roads - just ferries - and minimal services. It's a half-day to get there, really, or an hour's flight.

you may need to experience your version of 'doable' before you commit to it.

[-] ILikeBoobies@lemmy.ca 6 points 2 weeks ago

Being a homeowner gets you there in a lot of places, it doesn’t matter because you still need a home so you can’t live off it

this post was submitted on 02 Jul 2025
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