Frederick Vettese

If you start spending it all, then yeah, you're going to have a problem in retirement because then you will have a high number to try to achieve.

If you end up saving a chunk of it, then you're doing two things.

You're actually still having a better lifestyle than you ever had before your 50s.

And at the same time, you're maybe saving sufficiently for retirement.

And let's say if you're a middle-aged or even younger than middle-aged couple, younger young couple in a place like Toronto or Vancouver, and you're trying to pay a mortgage on a house, that might be 25 or 30 or 35% of your income right there on top.

Right.

And that should go away by the time you retire.

There's all kinds of reasons as to why the number one would be less.

We don't know how long we're going to live.

So what I do with my writing is I make the assumption just for the purpose of my spreadsheets of assuming that you're going to live until sometime in your early 90s.

That'll be about five years, roughly five years more than the average person will actually live to.

I can expect to live.

Makes sense.

Now, that may not be enough.

93 may not be enough.

It may end up being 98 or 100.

So in my software, which I make available, I call it PERC.

It's available online.

In my software, other people actually choose their own age.

So they might say, you know what, I want to be able to make sure I have enough money until 95 or 100.