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I have 170k invested with Wealthsimple Invest in a Growth portfolio, I am 30yo, if I want to retire at 50yo, how much is this 170k be worth after inflation (in purchasing power)?
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trying to estimate if I will have enough to retire at 50yo and how much purchasing power will this be worth in today dollars.

could aynone help me? trying to know if this retirement will look like buying ramen or 2 internationnal trip per year...?!

This is mostly all in TFSA (aftertax) and RRSP(pretax) so hard to take that into consideration...

also Is there a way to have a scenerio where I stop contributing

a scenario where I keep contirbuting employer match only (around 6000$ per year in total)

a scenario where I keep maxing my employer match (6k per year) and my TFSA (6k per year)

a scenario where I keep maxing my employer match (6k per year) and my TFSA (6k per year) AND my RRSP yearly, around 13k per year (honestly, I dont think ill be able to max my RRSP every year once I have kids...i probably won't even be able to put 1$ into it... but still curious)

also anyone knows whats the average CPP and RRQ I should estimate for retiring a 50yo in QC with an income of around 80k ?

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2 years ago