Is $1 million in super enough to retire on?
It’s often touted as a desirable target so we’ve run the numbers to find out what kind of retirement $1 million dollars can provide.
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It’s often touted as a desirable target so we’ve run the numbers to find out what kind of retirement $1 million dollars can provide.
We’ve run the numbers to find out what kind of retirement two million dollars could provide.
We’ve run the numbers to find out what kind of retirement half a million dollars could provide.
Don’t be rattled by pundits saying you need $1 million to retire. The amount you need will depend on your personal circumstances, not a figure drawn out of a hat.
If you think retirement income of $100,000 a year would suit your needs, the first step is working out if your balance at retirement will cover it.
If you think retirement income of $80,000 a year would suit your needs, the first step is working out if your balance at retirement will cover it.
If you’re aiming for a comfortable retirement income, the first step is working out if your balance at retirement will cover it.
If you think retirement income of $60,000 a year would suit you, the first step is working out if your projected balance at retirement will cover it.
If retirement beckons, it’s time to work out how much income you think you will need to fund your desired retirement lifestyle. Here’s what you need to consider.
Need help to understand how to structure your super contributions to hit your target at retirement? A simple tool from AustralianSuper can help.
With housing affordability an increasing issue, the needs of retired renters deserve attention. Discover what renting could mean for your retirement income and super balance goals.
SuperGuide’s Super to income reckoner can help you quickly and simply understand approximately how much retirement income your super savings might be able to generate, and the impact made by what returns you achieve and the length of your retirement.
SuperGuide’s Income from super reckoner can help you quickly understand how much the returns you achieve and the length of your retirement impact the approximate super savings you may need to fund your desired retirement income.
Fund estimates and online calculators can provide value insights for planning your retirement, but you need to understand the assumptions used to create them.
There’s plenty of information on how much super you need for a comfortable retirement, but little on how much you should have now to reach your target. We provide some guidance to this important question.
If you’re in your late 40s and want to continue your affluent lifestyle in retirement, it’s time to crunch the numbers and boost your super if necessary.
Even if you are already in your 50s on a low to medium income, it’s not too late to achieve your retirement income goals.
Recently there have been advances in the way retirement calculators are being designed, meaning that users are no longer required to assume how long they are going to live or what investment returns will be.
SuperGuide is Australia’s leading superannuation and retirement planning website.
Superguide Pty Ltd ATF Superguide Unit Trust as a Corporate Authorised Representative (CAR) is a Corporate Authorised Representative of Independent Financial Advisers Australia, AFSL 464629.