Retirement needs calculator
How much do I need to retire?
As a rule of thumb, use this:
|Age/Lifestyle||Single yearly income||Couple yearly income|
|Comfortable lifestyle at age 65||$43,317||$60,977|
|Comfortable lifestyle over age 85||$41,156||$56,901|
Source: ASFA Retirement Standards December quarter 2018.
This calculator provides a prediction based on the most common lifestyle factors, so if you’re unsure about your future costs, it’s wise to over-estimate your potential expenses, that way, you have a bit of a buffer in case things don’t quite go to plan.
If you are looking for a super projection calculator click here.