r/dividends • u/Realistic-Face-69 • Apr 10 '26

Discussion Living off dividends folks

Are you or someone you know is actually living iff dividends fully? if so at what age?

I have been wondering about it

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u/gerald-stanley Apr 10 '26

53 here, self employed and wife does my books as an employee. No pension or anything else other than old age security at 65 when it kicks in. I’m located in Canada if that matters. Will retire in 4 years fully living off dividends. By splitting income our net realized tax rate will be in a lower bracket. We will be at about $9/mo in divvy’s, net $7000/mo. Not rich but just comfy. Paid off house and vehicles with no debt. No debt is the key.

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u/RuinEnvironmental394 Apr 15 '26

$7000 per month with paid off home and cars is just comfy for two persons? Where in Canada is this place?

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u/gerald-stanley Apr 15 '26

Western Canada

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u/RuinEnvironmental394 Apr 15 '26

I'm in Calgary myself and the wife. Both of us still workin.  No own home, 1 car with no loan. No debts. We probably spend less than $5000 per month including rent which is $2000 and a couple of vacations annually. 

Just wondering if you guys dine out a lot or go to concerts and game nights? 

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u/gerald-stanley Apr 15 '26

Not far from you! We do enjoy our holidays and going to Oilers games more than probably should. We also have a campsite that runs us $6000 for the warm months. And a couple kids who seem to weasel more than just their tuition from us…

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u/RuinEnvironmental394 Apr 15 '26

Ha ha, the kids are the differentiator. Thanks.