The most common pre-retirement question, answered.
Retirement means different things to different people. For some, it’s about travelling more. For others, it’s spending time with family, pursuing hobbies, or simply enjoying the freedom that comes from financial confidence.
That’s why one of the most common questions Australians ask is: “How much income will I need in retirement?”
To help answer that question, NGS Super has launched a new video which explores the key factors that can influence your retirement income needs and the lifestyle you may want to achieve.
Watch the video below:
In this video, Naomi from Her Money Matters breaks down an important retirement planning concept: there is no single “magic number” that works for everyone. The amount you’ll need depends on your personal circumstances, goals and expectations for retirement.
You might be planning overseas travel, regular dining out, home renovations, or simply wanting greater peace of mind for everyday expenses. Understanding your future lifestyle expectations is an important first step when determining how much you’ll need to retire comfortably.
For those wanting to explore the topic further, NGS Super’s retirement planning resources explain common benchmarks used by Australians to estimate retirement costs, including the difference between a modest and comfortable retirement lifestyle. These guides can help put your own retirement goals into perspective.
Whether retirement is decades away or just around the corner, taking the time to understand your future income needs can help you plan with greater confidence. Learn more about retirement income planning and discover practical insights to help you prepare for the lifestyle you want in retirement.
While everyone’s retirement needs are different, you don’t have to figure it out alone. Book in a complimentary chat with an NGS Super Specialist to discuss your goals and explore your retirement planning options.
The information provided is general information only and does not take into account your personal objectives, financial situation or needs. Before acting on this information or making an investment decision, you should consider your personal circumstances and read our Product Disclosure Statement, Financial Services Guide, and Target Market Determinations for more information. You should also consider obtaining financial, taxation and/or legal advice which is tailored to your personal circumstances before making a decision. Issued by NGS Super Pty Ltd AFSL 233 154.
