100 万加元的投资组合应放在现金流计划中评估。若第一年由投资组合承担 40,000 加元支出，相当于支出的 25 倍；若承担 60,000 加元，则约为 16.7 倍。即使尚未考虑税务、寿命或市场风险，这个差异也很大。
最重要的变量
- 退休年龄： 55 岁退休需要比 65 岁退休多支持很多年。
- CPP/OAS 和 pensions: 保证收入可以显著减少投资组合提款。
- 账户结构： RRSP/RRIF 提款应税；TFSA 提款通常不应税。
- 住房： mortgage, rent, property tax, maintenance 和 possible downsizing change the plan.
- 支出： $50,000 和 $90,000 lifestyles produce completely different outcomes.
- 市场收益顺序： 退休早期的低回报可能严重影响提款计划。
理解 100 万加元的一种实用方式
| 由投资组合承担的第一年支出 | 100 万 / 支出 | 这意味着什么 |
|---|---|---|
| 40,000 加元 | 25.0× | More room for adverse markets than 更高-spending examples, but still requires full tax 和 longevity testing. |
| 50,000 加元 | 20.0× | Needs careful coordination with CPP/OAS, taxes 和 spending changes. |
| 60,000 加元 | 16.7× | 如果投资组合需要数十年承担这种支出压力，要求会高得多。 |
These are not safe-withdrawal recommendations. They are simple screening ratios before adding government benefits, taxes 和 changing spending.
夫妻的结果可能不同
Two people may have two CPP pensions 和 two OAS pensions, but they also have 更高 household spending 和 two longevity horizons. Pension-income splitting can sometimes reduce household tax, while the death of the first spouse can increase the survivor’s tax rate because more income is reported on one return.
测试实际的 100 万加元计划
The planner can model the account mix, CPP/OAS timing, retirement spending stages, taxes, housing 和 Monte Carlo confidence. That lets a household test a $1 million portfolio rather than rely on a generic yes/no answer.
测试 100 万加元退休情景
Enter the actual RRSP, TFSA, taxable 和 cash balances 和 see how much spending the plan supports.