How much will I need?

Some say you need a million dollars to retire. In fact, research from Deloitte recently found that men aged 30 now will need to save $1.58 million just to retire comfortably.

But wait, it gets worse: If you’re a woman aged 30, you’ll need $1.76 million because - lucky you - you’ll live longer.

While studies like this highlight the importance of preparing for retirement, they can also create a feeling of helplessness. It can be more helpful to focus on your own specific needs and things you can control, like when you want to retire and how much you’ll need to do what you want to do.

Use our interactive modeller to work out how much you need to save for your retirement.

Alternatively, call (02) 9376 9422 to arrange a consultation with Club Plus Financial Planning.