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Will I have enough for my retirement?

How much you will need to live comfortably in retirement will depend on a number of factors including whether you
are married or single, if you still have dependants, how you would like to spend your time, what your interests are etc.

Today people are retiring earlier than ever before. In the 1950's, the average retirement age was 65 to 68. By the end of
the 1970s, the average retirement age lowered to 63 to 65, but today many people are retiring as young as 55 to 60.

Retirement ... how many years are you planning for?

The longer you plan to spend in retirement, the more you will need. How many years should you plan for?

The answer depends on your age at retirement and life expectancy. Please refer to the table below for examples
of expected years in retirement.


Age of Years in Retirement
Retirement Male Female
55 29 32
60 25 27
65 20 23
70 17 19

Source: Society of Actuaries Annuity 2000 Mortality Table


How much will I need to have the retirement I want?

How much you will need to live comfortably in retirement depends on a range of factors. To work out if you have enough
to retire you need to:

1. Understand what cashflow you will require during retirement

2. Be mindful of how long you expect to be retired.

3. Determine what your investments will earn during your retirement.

It is important to be aware that many people are living much longer and may have more than 20 years of retired life.


What is the minimum income needed for singles/couples?

The Association of Superannuation Funds of Australia (ASFA) compiled a guide which shows approximately how much
you may require for a comfortable standard of living and the types of expenditure items that will arise. They estimate that
the average single retiree will require a minimum of $41,000pa and the average retired couple will require $56,000pa.

Retirement may not mean the end of your working life

Many people approaching retirement believe that leaving their traditional employment will not be the end of their working life.
Society has changed so much in recent times and many people are now combining retirement with part time, casual or even
voluntary work. 

You may want to work in a reduced capacity which borrows the best of traditional retirement but with a contemporary twist.
Whatever you decide we can assist.

Invest in your future today!

Call Adams+Associates and speak to a retirement income specialist who can guide you through the range of options and
strategies to maximise your funds available for and during retirement.

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