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  1. /anne... says:

    I’m looking forward to your assessment of what it will take to have a comfortable retirement after 2017 changes. I suspect that it’s going to be virtually impossible to maintain a comfortable retirement without being a fully-funded retiree.

  2. We have been retired for about 3 years – and the figures re about right – our wedge is a bit higher than $1.m and our budget is a bit greater than $58k.
    Niels mate a trained monkey could get 4% – even though rates are down you can get 3.6% (as mid June 15) on line

  3. 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.

  4. 7% return on investment?
    Are you running a meth lab in your garage?

    Nobody else makes more than 4%.

    • stricland says:

      Am not sure what your basis for the 4% is.
      Over long periods of time (say the last 30 years) gross returns from equities has exceeded 10% (closer to 13%).
      Over the same periods returns from property has been around 10% (closer to 11%).
      For bonds the return has been around 6%.
      Term deposits may be close to the 4% you mention.
      CPI over this period has been around 3% (perhaps 3.5%).
      If you are not investing directly then there may be other factors affecting your returns.
      Net of tax and CPI my super. portfolio has returned ~11% CAGR over the last 5 years. Hope that provides you with information to contrast your situation with.

  5. 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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