Planning For Retirement

• Budgeting
• Insurance
• Debt Reduction
• Savings
• Before You Invest
• Investments
• Retirement Planning
  • Planning For Retirement
  • Secrets To Wealth
  • Reverse Annuity Mortgages
  • Annuities
• Estate Planning

Calculators

• KiwiSaver Account Calculator for Employees
• Residential Property Investment Calculator

Useful Resources

• KiwiSaver Tools and Information
• Follow the Secrets to Wealth
• Get the newsletter direct to your inbox each month
• Independent life insurance information

• Introduction to retirement savings
• How much do you need in retirement?
• Calculating how much to save for retirement
• Retirement Planning Calculator

How much do you need in 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.