If you search online for the title “How much do I need to retire?”, you will see hundreds of articles on the subject, most of which have been written by financial planners, fund managers and accountants. The Marcus Today “community” has many financially sophisticated (and unsophisticated) retirees in its ranks, many of whom have already experienced decades of retirement, so we decided to take a different approach and rather than tell our members how to retire, we asked them how to retire, because, quite honestly, we’re not retired, and a lot of them are, so who should be lecturing who?
We asked our members two simple questions: “What is your retirement calculation?” and “Do you have any other retirement wisdom to share?” We received around 200 emails in reply. Here are some of the numbers, some of the revelations and some of the wisdom.
The answer to the question “How much you need to retire?” clearly revolves around three other questions, and the answers come in ranges, with a thousand variables and what-ifs. But there is a standard answer:
•How much do you need to live off each year in retirement?
The answer is generally $65,000 (singles) to $200,000 (wealthy couples) a year with most assuming around $100,000.
•What return on investment on your capital can you expect?
The current number is anywhere from 3% to 10%pa (less inflation) with most retirees assuming they could and should be able to earn 5%pa after inflation.
•So how much in savings do you need to retire?
The capital required from those calculations ranges from $650,000 to $6.6 million with $2 million the standard amount for a $100,000pa income and an investment return of 5%pa.
この記事は Money Magazine Australia の March 2022 版に掲載されています。
7 日間の Magzter GOLD 無料トライアルを開始して、何千もの厳選されたプレミアム ストーリー、9,000 以上の雑誌や新聞にアクセスしてください。
すでに購読者です ? サインイン
この記事は Money Magazine Australia の March 2022 版に掲載されています。
7 日間の Magzter GOLD 無料トライアルを開始して、何千もの厳選されたプレミアム ストーリー、9,000 以上の雑誌や新聞にアクセスしてください。
すでに購読者です? サインイン
An outrageous, beautiful monopoly
Telstra's mobile business is a cash machine with few competitors, giving it the highest returns in the world.
Drop the anchor to judge value
Buying and selling decisions should be based on where a stock price is going, not where it has been.
Powering the AI boom
Beyond the software and chipmakers, where will the energy come from?
Get into life
Tucked inside super are products that can protect you from life's inevitable uncertainties.
Paths to home ownership
Taking the road less travelled can sometimes deliver unexpected benefits.
Sold! Quick ways to add value
Small, strategic changes can have a big impact on the look and feel of your home. And get you a better price on auction day.
Money lessons the kids need to know
Your children can learn a lot from your past money mishaps. Here are eight financial conversations I have had with mine.
Property-investing rules: are they likely to change?
The pressure for the government to curb the tax benefits of tax concessions, such as negative gearing and the capital gains tax discount, is unrelenting. Most recently, independent senators David Pocock and Jacqui Lambie proposed five options for paring back investment property tax concessions, with savings to the Federal budget of up to $60 billion over the next decade.
What's love got to do with it?
A rollercoaster of emotions could be driving poor crypto behaviour.
Are we ready to be cash-free?
Saying goodbye to our piggy banks too soon could leave small businesses in the dark when problems arise.