Chapter 3
How Much Super Is Enough?
In This Chapter
Seeking a comfortable lifestyle in retirement
Wanting more than $42,000 (or $58,000 for a couple) a year
Planning for your life expectancy
Assuming an investment return for the long-term
T he most popular question about superannuation and retirement planning is, without doubt: ‘How much money is enough?’
A glib response to this question may be: ‘Enough money for what?’ From the many times, though, that I’ve been asked this question, I know that when most Australians ask it, they really want to discover the answer to: ‘How much money do I need to maintain (or improve) the lifestyle I currently have until the day I die?’ For some Australians, the question also includes: ‘And to leave enough money to help my family after I’ve gone.’
Your own answer to this question depends on four main factors:
Get DIY Super For Dummies, 3rd Australian Edition now with the O’Reilly learning platform.
O’Reilly members experience books, live events, courses curated by job role, and more from O’Reilly and nearly 200 top publishers.
