Retirement Goals: How much money do they need?

Calculate required income (Starting point not given, estimate
it from present income and expenditures)
What level of retirement income is appropriate?
H
1. \$TARTING YOUR RETIREMENT PLAN AT 50 Alan is 50 , Joanne is 51. They have a large house worth \( \$ 800,000 \) in Toronto and a cottage worth \( \$ 200,000 \) in Muskoka. Mortgage payments on these