Hello fellow mustachians! I love the case studies and have wanted to do one myself for a while. We're a young couple (25 and 27) in Vancouver, looking to retire before 40. The calculators say we're on track, but I'd love feedback from the community in case we've missed something.
Income
2013 was about $63,400 combined after-tax income, including quarterly GST rebates. Works out to roughly $5300/month.
Expenses
These are the averages for the first four months of 2014. I could go back further, but it would be less accurate as we've made some big cuts in the last few months (cutting landline, and SO's hair).
Housing: $748 <-- Includes rent and insurance
Travel: $633 <-- Two big international trips per year
Food and restaurants: $200 <-- Typically higher, we've gotten a few grocery gift cards this year
Personal care: $87 <-- Haircuts, toiletries, laundry - will drop since I started cutting my SO's hair two months ago
Cell phones: $62 <-- Two phones, talk and text
Internet: $28
Entertainment: $78 <-- We go to a lot of shows, concerts, and movies, but get discounted tickets. We also do a lot of free activities and hiking/biking.
Transit: $32 <-- Bus tickets and bike repairs
Cat stuff: $20 <-- Cat food and litter
Clothes and shoes: $10
Everything else: $50 <-- Books, electronics, kitchen stuff, stamps
Total Expenses: $1948/month
Assets
$92,000 in investments, a mix of low cost index funds and GICs/high interest savings accounts. Roughly 50% fixed income, the rest divided evenly between Canadian, US, and International indexes.
Liabilities
None
Our goal is to retire before 40. We're on track, right? Anywhere to improve? We are Canadian, so some American advice would not be applicable (Republic Wireless, etc). Thanks!