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Planning For Retirement


As discussed on the previous page, everyone's circumstances will be different, so there is no simple answer.

However, the Association of Superannuation Funds of Australia Limited, together with Westpac, have, through their research, produced the Westpac/ASFA retirement Living Standard, which provides the following guidelines for Australians (assumes retirees own their own home):

  • Modest Lifestyle $A21,200 (single), $A30,700 (couple)
  • Comfortable Lifestyle $A39,400 (single), $A53,900 (couple).

In the absence of any other information, these numbers at least provide some initial guidelines for your goal setting.