3 ms·
https://moneysmart.gov.au/retirement-income/retirement-planner https://moneysmart.gov.au/retirement-income/retirement-plann... suggests around $800,000 to live
by nl 4y ago
https://moneysmart.gov.au/retirement-income/retirement-planner https://moneysmart.gov.au/retirement-income/retirement-plann... suggests around $800,000 to live on an average comfortable income ($61,062) if I retire at 67 and live to 92.
- jacquesm 4y agoper person. assuming no setbacks. assuming a rate of inflation that is not in line with the present day numbers. assuming that you have all of that liquid rather than invested, where it is exposed to risk. If you manage to make it work then more power to you but I like to have a generous safety margin around these things and the remainder can go to my kids.
- jay_kyburz 4y agoYou raised the most important point, I'm not really worried about my retirement savings, but I would like buy both my kids a house before I retire. I've got another 20 years, but I need another 2 million or so. I'm working hard to make sure my next product is "the big one" :)
- jacquesm 4y agoSincerely: Best of luck with that next product. It's a tricky market at the moment, there are plenty of opportunities because of that but a lot of traditional modeling is not going to survive the next five years.