In Money, Retirement

Holy crap. I can retire today if I wanted to.

I was going through my budget, coming up with averages of what I spend, you know.. base expenses, just above living on beans and rice, and cared for, but not comfortable.

I realized that I could retire today if I wanted to.

Base Expenses

This is my half of the budget only.

Regarding my partner paying half: for instance, housing up there says $394, this means that my partner pays $394 as well, for a total of $788. This is truly what I only pay out of MY money. We separate everything and I want to keep it that way so it stays fair for us, there is no resentment and stress.


$1633.53 for the base expenses, is very low. I would actually round it up to to $2000 to make it a true “base expenses” budget.

Things happen – we spend a little big more or less on certain things, and things fluctuate, so I think $2000 is a solid budget, which is about $24,000 a year for my half ($48,000 total for the household, but as I only pay half…)


So this blog pulls in about $1000/month in income. It has slowly been climbing (last month was $1300), but I want to keep it conservative because I don’t like to overestimate on things I cannot control.

$1000 a month in income, means I only need to cover another $1000 in expenses elsewhere.

My dividends on average, pay out $614 a month. I don’t take it as an income, and reinvest it under a DRIP (dividend reinvestment plan), so I don’t see that income, but I know it is there, as I have been tracking it diligently.

That leaves about $386 left to cover. That, is actually easily covered by my $200K emergency fund.

Yes, I have $200,000 as an emergency fund, when I am in between contracts. The interest rate on that is 2.3% – 2.74%, and it basically covers my housing costs.

Let’s say I drop it in savings for 2.3% only, this means I get about $383.33 a month JUST in interest alone, and assuming I don’t draw down on that amount.

(Currently, it is earning 2.74% but, really, we are only about $2.70 off from my average $2000 budget scenario).

Of course, I am also doing other things on the side in addition, like getting about $417 in free cash last month from signing up (and subsequently, closing within 3 weeks) a new chequing account, and taking out a $25,000 line of credit at 0% interest to make some money on it by throwing it into a high interest savings account.


Isn’t that scary? I could stop my career today.

Maybe not “retire” in that sense of the word, but “retire from my current day job and do something else”. Right? Just like everyone else.

Who knew I’d say that?


Well we all know I can’t survive on $2000 a month.


Let’s not pretend I can live on that budget. I can do it for a short period of time, but .. I’m unable to keep it up for 60 years.

There are no vacations, no actual shopping or fun things to do in said $2000 budget. I will actually feel COMFORTABLE at a $3500/month budget to cover all these things.

$3500/month is not unreasonable.

I could take a minimum wage job, and basically live off that and my savings….

…but why would I? I still love my job and make good money.

Right now, a good solid chunk of my net worth is in my home and my car.

The rest of it, if you look at it, is not that much, about $430,000. For me, it isn’t enough to pay for the next 60 years (possibly) of my life in actual retirement.

I would really feel more comfortable if I had a few million banked in investments/cash.

I think I would like to save another $1.5 million before I entertain ‘retirement’.

I’d also be bored. There’s that. What would I do?

Have to figure this out before I stop working. I think for now, I like my life exactly the way it is. Work a bit, chill a bit. Work a bit, chill a bit.

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  1. Financial Orchid

    What app do u use for the infographics?

    1. Sherry of Save. Spend. Splurge.

      Excel and Photoshop. I do everything by hand..

  2. Elise @ Financial Fitness Fanatic

    Congrats on that accomplishment! Even if you don’t want to stop working, it is always a nice luxury to have that option if you wanted it. We view early retirement as a fallback if our jobs ever stopped bringing us joy. If you’re having fun and enjoying your work, why stop now?

    1. Sherry of Save. Spend. Splurge.

      Exactly – why stop now? Enjoy it, keep working, banking money, and have that mental security.

  3. Revanche @ A Gai Shan Life

    Hey, way to hit $1000/month from the blog! Even if you wouldn’t want to spend the next 60 years retired on the minimal budget, it’s awfully nice to know that you can if you have to.

    1. Sherry of Save. Spend. Splurge.

      That is the best part – the security and the peace of mind that I COULD if I had to. Finally, a safety net.

  4. Drexel Lake

    I am retiring at 57 with an initial total income of $3000 for two people. We’ll have about $1000 after expenses. We also have Roth’s, 401k and two pensions kicking in within a year, then as in a few short years. Screw work.

    1. Sherry of Save. Spend. Splurge.

      Wow! When you say total income, you mean from part-time jobs? Or dividends? And after expenses, this means you still have $1K which is quite healthy.

      So I guess your pensions are what will actually make up the bulk of your income after it kicks in?

  5. Null

    “i CoUlD rEtIrE nOw iF I wAnTeD tOo, mY tOdDlEr hAs mOrE mOnEy tHaN mOsT aDuLtS”

    Fuck you

    1. Sherry of Save. Spend. Splurge.

      LOL. WTF are you doing here on this site then? Jealousy has never made you money. Turn that negativity into focusing on what you can change for your situation. #ByeFelipe

      1. Null

        Google recommended me this article.

        I guess everyone coming out of college in debt should just buy your tool to help get out of debt, only $50! Let’s buy your books too! It’s not like any of this information isn’t already available for free online!

        Fuck you and people like you. You prey on those in debt to sell your shitty products.


        1. Sherry of Save. Spend. Splurge.

          Oh I see you were looking to retire early, and how people do it but the easy way where people hand you money? LOL.

          1. nicoleandmaggie

            Just block trolls! No vale la pena.

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