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basically you need the RRSPs to cover the following shortfall: your HH spending less your wife's full pension at 54. 4% withdrawal rate is a basic assumption financial people use, because when running Monte Carlo simulations, your funds rarely runs out, over a long period of retirement.

@endquote np, retire young and enjoy your time with family and friends!

@endquote your summary: ~25 yrs to regular retirement (65 - for the man - you) combined 292k RRSP, no mention of TFSA. HHI 203k, 1k each paycheque to savings wife pension unknown full amount at 54 - - - 12y money double let's conservatively say (6% growth over inflation/fees, rule of 72)...

@panchopeligro If we go to recession quick, variable is the way to go. Why? Interest rates will go up near term, but go down to prop up economy. So you'll possibly pay more for a few months, but profit after. If we skirt recession or don't even slow, you should probably lock in the rates...