Is a $740,000 all-equity portfolio enough for Jasmine and Terry to retire early? (opens original article in a new tab)

Jasmine and Terry's $740,000 all-equity portfolio may not be sufficient for early retirement, according to a financial planner who highlights the need for a larger portfolio and tax optimization strategies.

• Jasmine and Terry have an all-equity portfolio worth $740,000 and aim to retire early with a $7,500 monthly income after tax.
• Financial planner Ed Rempel states their current plan lacks a margin of safety and would require $2.15 million to achieve their retirement income goal.
• Rempel advises against the 'three-year cash bucket' strategy, suggesting instead a credit line for unexpected expenses and optimizing RRSP contributions for tax efficiency.