Thanks Mozar...
It's my home equity in the UK and yes we intend to sell it, though as a number of people on this forum have pointed out, things in Canada, especially housing, are not cheap: I expect a decent 3/4 bed with a bit of land in our target area to go for around 750K plus closing costs, or around 825 K, leaving a further 175 to add to our 400 which is currently invested at an after-tax yield of around5-6%.
We can access our retirement savings before 65 but I would prefer to leave them. So I guess we are talking about an investment pot of around 550K Canadian giving a yield of between 25 and 30K and a realistic withdrawal of 15-20K, plus an after-tax income from my wife of around 48K - maybe 60-65K Canadian after tax and depreciation all in.
My parents in law worked manual jobs for fifty years, bless them, and have full social security and some savings. But even that will basically cover your food and not much else up here - around $300-$350 per week. But they are frugal. It's more healthcare bills that worry me - they have $100,000 of insurance and that's it.
Thank you for making me think of these details: it looks as though at the moment, things would be feasible but tight. Might be better to wait another year or two and get the pot up to around 625-700K.
Hasta la victoria siempre -
Bolshevik Artizan