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Home / Plan your retirement

Plan your retirement

Plan your retirement

People often don’t start thinking about retirement until they are about to stop work or have the decision forced on them. And that’s a wasted opportunity.

Now that we are living longer, retirement may last three decades or more. That’s a long time to regret not doing more to plan and save for a personally fulfilling, financially secure retirement.

With a little planning, you can make a big difference to your retirement outcome.

As a starting point the article How to plan for your retirement outlines how to start planning for retirement in seven easy steps. This includes thinking about your dream retirement, how long it might last, what it will cost, how much you need to fund it, how much you have now, whether your savings are on track and what you can do to close the gap.

Click the links below to learn the fundamentals about planning for retirement:

Retirement planning for beginners

Retirement planning for beginners

When should I retire?

When should I retire?

How long will I live?

How long will I live?

Will I have enough super?

Will I have enough super?

How much will I spend in retirement?

How much will I spend in retirement?

Financial advice

Financial advice

Retiring overseas

Retiring overseas

Preparing for retirement

Preparing for retirement

Retirement planning strategies

Retirement planning strategies

Retirement calculators and reckoners

Retirement calculators and reckoners

As a first step, the following are key articles that cover planning your retirement.

Premium How much can I afford to spend in retirement?

How much can I afford to spend in retirement?

Premium Why it can pay to put as much as possible into super

Why it can pay to put as much as possible into super

Premium Is $500,000 in super enough to retire on?

Is $500,000 in super enough to retire on?

Australian independent financial advisers: State by state guide

Australian independent financial advisers: State by state guide

How much super do I need to retire?

How much super do I need to retire?

Premium What is the cost of living in retirement?

What is the cost of living in retirement?

Premium Five common financial mistakes SMSF trustees make just before retirement

Five common financial mistakes SMSF trustees make just before retirement

How to plan for your retirement

How to plan for your retirement

Premium Retiring soon? Here are 5 questions you need to answer first

Retiring soon? Here are 5 questions you need to answer first

Premium Rules of thumb: Do these popular retirement planning hacks measure up?

Rules of thumb: Do these popular retirement planning hacks measure up?

How accurate are ‘retirement estimates’? 7 assumptions you need to understand

How accurate are ‘retirement estimates’? 7 assumptions you need to understand

Premium How a transition-to-retirement pension works

How a transition-to-retirement pension works

Premium Timing counts if you plan to retire this year and start a super pension

Timing counts if you plan to retire this year and start a super pension

Premium What age should I retire?

What age should I retire?

Premium What to do if the market tanks and you’re retired, or close to it

What to do if the market tanks and you’re retired, or close to it

Financial advice through super funds: What’s on offer?

Financial advice through super funds: What’s on offer?

Premium Can I get free financial advice?

Can I get free financial advice?

Premium Planning to retire at 60? What you need to consider

Planning to retire at 60? What you need to consider

Premium Countdown to retirement: Tips to help kickstart your retirement plans

Countdown to retirement: Tips to help kickstart your retirement plans

How long you can expect to live, and what it means for your super

How long you can expect to live, and what it means for your super

Set out below are the latest articles that relate to plan your retirement.

PremiumWhy it can pay to put as much as possible into super

Why it can pay to put as much as possible into super

May 24, 2022

When it comes to super, small extra contributions made early in life can result in a bigger pay-off than larger contributions left till the last moment.

PremiumHow much can I afford to spend in retirement?

How much can I afford to spend in retirement?

May 24, 2022

It’s a common question, but the answer to your optimum pension drawdown may be as simple as spend your age.

Premium Is $3.4 million in super enough for a couple to retire on?

Is $3.4 million in super enough for a couple to retire on?

May 17, 2022

How much will $3.4m in super generate in retirement income for a couple across 25, 30 or 25 years?

PremiumIs $500,000 in super enough to retire on?

Is $500,000 in super enough to retire on?

May 17, 2022

According to the ASFA Retirement Standard, a couple can live a ‘comfortable lifestyle’ with a retirement balance of $640,000 while singles can enjoy the same with $545,000. But these are guidelines only.

PremiumIs $750,000 in super enough to retire on?

Is $750,000 in super enough to retire on?

May 17, 2022

A million dollars is often talked about as the gold standard of retirement savings, but it is a suspiciously round number. Depending on your personal circumstances, you might live well on much less, say $750,000, especially if you are not a big traveller or you intend to continue working well into your 70s.

Premium Is $2.5 million in super enough to retire on?

Is $2.5 million in super enough to retire on?

May 17, 2022

A million dollars is often cited as the gold standard of retirement savings. It certainly sounds like a lot of money, but it may not provide the income you require if you are a couple or if one of you has high healthcare needs.

PremiumIs $1 million in super enough to retire on?

Is $1 million in super enough to retire on?

May 17, 2022

A million dollars is often bandied about as the gold standard of retirement savings. It certainly sounds like a lot of money, but is it enough to retire on not just comfortably but in style?

Premium Is $1.7 million in super enough to retire on?

Is $1.7 million in super enough to retire on?

May 17, 2022

Since 1 July 2017 there has been a limit on the amount you can transfer into a super account in pension phase. The question is, is this an arbitrary figure dreamed up by bureaucrats or is it enough for a dream retirement?

Modern retirement modelling: Increasing confidence in retirement planning

Modern retirement modelling: Increasing confidence in retirement planning

May 13, 2022

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.

Super to income Reckoner

Super to income Reckoner

May 13, 2022

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.

Australian independent financial advisers: State by state guide

Australian independent financial advisers: State by state guide

May 13, 2022

Finding a truly independent financial adviser is not easy, but don’t let that put you off. We’ve done the hard work for you.

PremiumHow much super do I need to retire on $100,000 a year?

How much super do I need to retire on $100,000 a year?

May 11, 2022

The widely-reported ASFA Retirement standard suggests couples can enjoy a ‘comfortable lifestyle’ on just over $60,000 a year while singles can do the same on around $43,000. If that sounds less than comfortable to you, perhaps an income of $100,000 a year is closer to the mark.

PremiumHow much super do I need to retire on $80,000 a year?

How much super do I need to retire on $80,000 a year?

May 11, 2022

So, you’ve done some preliminary sums and think you will need around $80,000 a year to live well in retirement. The ASFA Retirement standard suggests couples can enjoy a ‘comfortable lifestyle’ on around $60,000 a year and singles on about $43,000 a year. By this yardstick, $80,000 a year should support a more than comfortable retirement.

PremiumHow much super do I need to retire on $60,000 a year?

How much super do I need to retire on $60,000 a year?

May 11, 2022

If $60,000 a year sounds like your kind of retirement, the next step is to work out how much super you will need to fund it.

PremiumHow much super do I need to retire on $50,000 a year?

How much super do I need to retire on $50,000 a year?

May 11, 2022

If $50,000 a year sounds like your kind of retirement, the next step is to work out how much super you will need to fund it.

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