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Comments

  1. darrell campbell says:

    Hi Trish,
    Great articles,,, butI still have a problem with “sum needed”
    $1.07 million funds a 22 year retirement on $57k or so.Fine if I retire now.
    But a 30 year-old,,, cant look at this and say “ok, I have to have $1.07 million when I am 67,,, and I’ll be OK”…….as inflation etc makes this meaningless.
    So how does one work out a sum to work towards? (Eg at an “assumed” inflation rate of say, 3% ). Not everyone can easily do the maths !thanks

    • Hi Darrell
      The figures in the article are in today’s dollars (adjusted for inflation) which means the future dollars you actually save are a lot more – it has been adjusted for inflation already so it is meaningful for today. In the near future, we will add an article comparing future and today’s dollars ( adjusted for inflation) over a period of 25 years.

      Also, the ASIC Moneysmart account-based pension calculator shows the calculations behind the figures, and displays the future dollars in a separate page.
      Regards
      Trish

  2. 7% return on investment?
    What?
    Are you running a meth lab in your garage?

    Nobody else makes more than 4%.

  3. Hi Trish

    I find your articles interesting and am trying to gather enough information to make a choice as to when I would need to retire (60 yo hopefully). I would be interested in knowing the numbers crunched on a $1 million if couple were not entitled to the aged pension (full or part).

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