Australians are living longer than ever before and are likely to spend at least 22 years in retirement. While this is good news, being able to enjoy such a lengthy retirement may cost more than you think.
According to the Association of Superannuation Funds of Australia (ASFA), an individual seeking a comfortable lifestyle needs a yearly income of $40,297 (after tax). That requires savings of at least $533,088 at retirement to provide this level of income for the next 20+ years.
By discussing your ideal retirement lifestyle, and when you’d like to stop working, we can calculate the income you may need in retirement and discuss the options you have available to reach that target. By putting all the pieces of the jigsaw together, we can formulate a plan to achieve your ideal retirement picture.
- How can Salary Sacrifice help me?
- What is a Transition To Retirement Pension?
- When can I retire?
- How much do I need to retire?
Whether you are approaching retirement or are still a few years away, it’s important that you understand all of the options available. So, together we’ll look to the future to determine the right retirement funding strategies for you.