As you retire, your car lease and gas expenses will decrease. Depending on your culinary desires, you might also find your food costs go down as well. You will not have the same contribution expense to the RRSP, although I do wonder why you are not maxing out his TFSA as fast as you can. My recommendation - retire as soon as you can and take your pension.  The thing least guaranteed in life is your health.  Consider moving to a cheaper place to live if you downsize, unless friends and family considerations exist.  Other thoughts, you might be surprised how travel becomes less of a thing once you retire. I thought I was going to be a regular globe trotter, and it turns out that a lot of the need to get away was the need to get away from work!  Now that I don't work, my travel is mostly to visit the kids.