How much Super do I need when I retire?

Wealth Managers are frequently asked, 'How much Super do I need to retire?' and the truth is that there is no one-size-fits-all answer to this question. While we can easily give you a ballpark figure for a 'comfortable' retirement, it is important to understand the amount of income that you would like in retirement and work backwards from there. By estimating your living expenses in retirement, we can work out the level of income that you will need, and the amount of capital needed to provide the required income.

The Association of Superannuation Funds of Australia (ASFA) suggests that for a comfortable retirement, a single person would need $44,183 per annum and a couple $62,425 per annum. These figures assume that the retiree(s) own their own home outright and are relatively healthy.

So what is considered a modest or comfortable retirement lifestyle for retirees?

What other considerations must we think about, when working out how much Super you will need for retirement?

Watch the video to find out more or speak to our Ulton Wealth Management team today by calling (07) 4154 0400 or email wealthmanagement@ulton.net

Disclaimer: This video has been prepared on a general advice basis only. The information has not been prepared to take into account your specific objectives, needs and financial situation. The information may not be appropriate to your individual's needs, and you should seek advice from your financial advisor before making any investment decisions. All wealth management services are provided by Ulton Wealth Management Pty Ltd Corporate Authorised Representative No 460875 of Ulton Wealth Services Pty Ltd AFSL NO.: 497721 | ABN: 86 614 308 628 |www.ulton.net | Ulton Wealth Management Pty Ltd ABN 73 168 815 450 | *Kylie Wright (245052) is a Sub Authorised Representative of Ulton Wealth Management Pty Ltd.

Видео How much Super do I need when I retire? канала Ulton