One of the most common questions I get is about retirement is: “Will we be ok?”
Which is code for, “Will we have enough money?”
And the unspoken deepest fear?
“Will we run out of money before we run out of life?”
In simple terms, it depends on so many personal circumstances. But the Australian Super Fund Association researches that a lot, and here is their answer.
For a couple to afford a comfortable lifestyle they will spend $63,352 per annum.
To understand what that means in everyday terms, look at the table below. It is a useful starting point to ponder.
However, it makes no allowances for your current lifestyle.
And in retirement, most people can adjust their lifestyle – but struggle with a radical downgrade.
In my experience, a more useful guide for a comfortable lifestyle in retirement is about 80% of your working life income.
But most importantly – rather than wrestle with nagging fears about your retirement, get some answers and start taking control of your future. It is your life.
And if you want any help with that we offer a complimentary Personal Financial Health Check.
To create a path forward, and peace of mind.
You can book in a time here.