How long will $2 million last in retirement?
A retirement portfolio of $500,000 in Canada can last anywhere from 15 to 30 years or more, depending heavily on your annual withdrawal rate, lifestyle expenses, investment asset mix, and government benefits like the Canada Pension Plan (CPP) and Old Age Security (OAS). If you withdraw funds following a conservative rate of 4 percent per year (equaling $20,000 annually adjusted for inflation), the nest egg is designed to sustain a standard 30-year retirement horizon. However, if your annual living expenses require larger withdrawals without supplementary pensions, the principal balance will deplete much faster, potentially lasting closer to 15 to 20 years. Working with a fee-only financial planner can help model personalized tax scenarios.
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