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How Much Money Do You Need to Retire?
There is no one right answer for everybody. Some people focus on retirement as the time they do all the things that they didn't do while working and therefore need a higher standard of living. Other people will retire very simplistically, by a cabin in the woods to spend more of their working life. Two thirds of people retire at a time not what they're choosing. So now, 46 is not too early. With compulsory super, 46 is a time when people are starting to get to their peak of income earning. They're still probably in single digits from most people in their mid 40s. I've worked out the exact amount of money you need to retire on in Australia. Do you
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