• Billy would like to retire when he is 65 years old and he is 45 years old now.
• Billy currently makes $100,000 per year and would like to fund 70% of his pre-retirement income.
• Billys life expectancy is age 90.
• Billys has surplus cash flow each month of about $2,500 per month. He currently has NO RRSPs, and NO TFSAs and no savings of any kind. He has earned in excess to the YMPE for the past 20 years.