Not my anticipated route to retirement but...if I waited until 65 to retire I should have, at a minimum, something in the neighbourhood of $650K of savings (that's increasing our current savings only by what I'm putting away at work, and assuming I save nothing else along the way).  I expect our house to be worth at least what it is today, say, $650K.  Assuming that I pull CPP and OAS at the maximum amounts, that would be something approaching $20K annually, together with my wife's amount of a further $10K annually.  So if I sold the house and moved to a rental apartment, surely the government issued funds would cover a substantial, if not all of that rental cost and the income from $1.3 million at 4% being $52K would cover the rest of our living expense.  Sounds doable to me.  Now if I expect to have a winter residence down south and travel the world, that's a different matter.