Knowing what and where you will spend will make retirement planning much easier, and help you avoid retirees’ biggest fear: outliving their savings.
Set out below are all SuperGuide articles that relate to How much will I spend in retirement?.
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An Institute of Actuaries working group has devised a simple rule of thumb for spending in retirement, based on your age and assets.
Most Australians are worried about outliving their retirement savings, with pre-retirees the most concerned. But there are some simple steps you can take to help you worry less and sleep a little better.
Spending during retirement changes the longer you’re retired. Find out about the three stages and how it can impact the amount of money you will need.
Our SuperGuide retirement planning articles often refer to a ‘rule of thumb’ that suggests you will need somewhere between two thirds (66%) and 80% of pre-retirement income to continue to enjoy your current standard of living.