Let's say one has $2,000,000 on etfs and you use the 4% rule - do you think this would enough in Australia these days?
Most end up with 500-600k on super at retirement so in my calculations 2m should do the job?
Let's say one has $2,000,000 on etfs and you use the 4% rule - do you think this would enough in Australia these days?
Most end up with 500-600k on super at retirement so in my calculations 2m should do the job?
If you have kids you should want a lot more than that, unless you want to see them all struggle to not own a house most of their lives.
You should have millions in super by the tme you retire.
People retiring now have only had super for 33 years and orginally was alot lower.
You have had 10%+ your whole working life.
People should not need the pension at all.
Not everyone makes it to retirement so it's pointless to just think "wow 10% every year i'll have 10m at 67 when i can't even function normally" or dead before retirement so what's the point
Your post was about retirement.
You only need funds to last from retirement to 60 outside of super
I don't get people the can't retire and do their hobbies all the time. To do it while you are young is even better