Everyone’s retirement plan looks different so it’s hard to know exactly how much you need to retire. Things to consider include:
- the lifestyle you want
- any costs (such as a mortgage, medical costs, rent, renovations, and so on).
The
ASFA* Retirement StandardOpens in new window
breaks down the costs for both comfortable and modest lifestyles for couples and singles.
Comfortable lifestyle
Could include:
- Groceries
- Private health insurance
- Range of exercise and leisure activities
- Occasional restaurant meal
- Annual domestic trip
- International trip once every seven years
Modest lifestyle
Could include:
- Groceries
- Infrequent eating out and other social activities with family and friends
- Basic health cover
Explore the
ASFA* Retirement StandardOpens in new window.
* The Association of Superannuation Funds of Australia