Case study: When can I afford to retire?
When you start actively planning your retirement, it helps to do some rough calculations to work out how long your super might last under different scenarios.
Home / Plan your retirement / When should I retire?
Deciding when to retire is not always straightforward. Some have retirement thrust upon them while others wait until they are eligible for the Age Pension.
But for many Australians, the decision will involve carefully weighing up a range of factors, from finances and health to your partner’s circumstances.
The age at which you retire can also have an impact on your super and your plans.
When you start actively planning your retirement, it helps to do some rough calculations to work out how long your super might last under different scenarios.
Some of us plan our retirement, some have retirement thrust upon us. So how do retirees feel about the timing of their exit from work?
“What is Australia’s retirement age?” or “What age can I retire?” are common questions. The simple answer is “it depends”.
The decision about when to retire is rarely made overnight. It’s a major life event and deserves careful thought and planning. Finances play a big part, but so do your health, your partner’s circumstances and whether you still enjoy your work or are itching to leave.
If you plan on retiring at age 55, here’s a simple guide answering 12 common questions people ask about their super and other financial assistance retirees may be eligible to receive.
For many people planning their retirement, age 60 sounds like a good time to leave the workforce. If that’s your plan, it’s important to ensure you understand the rules on accessing your super, how big your nest egg needs to be, the tax you might pay and any financial assistance you may be able to receive.
For most Aussies, blowing out the birthday candles at 65 means it’s retirement time. To help you take the leap into life after work, we have put together a simple guide answering common questions asked by people retiring at age 65.
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.
All information on SuperGuide is general in nature only and does not take into account your personal objectives, financial situation or needs. You should consider whether any information on SuperGuide is appropriate to you before acting on it. If SuperGuide refers to a financial product you should obtain the relevant product disclosure statement (PDS) or seek personal financial advice before making any investment decisions.
© Copyright SuperGuide 2009-22