What you need to know

Thanks to our high standard of living and continuous medical advances, Australians are living longer than ever before. A male retiring at age 60 will, on average, spend around 24 years in retirement and a female 27 years*. While this is wonderful news, enjoying a lengthy post-career lifestyle requires greater savings and more strategic management of your investments than previous generations required.

To help everyday Australians gauge their needs in retirement, the Association of Superannuation Funds of Australia (ASFA) calculates the baseline costs of life after work.  According to their latest data:

• Singles: to fund a comfortable retirement lifestyle when at age 67, a single person requires a yearly after-tax income of approx $55,923. That translates to a target retirement balance of around $630,000^.
• Couples: a retiring couple, at age 67, requires a combined annual income of $78,566 to live comfortably, requiring a joint nest egg of roughly $730,000^.

Your ultimate quality of life and long-term financial security in retirement hinge on having a sustainable retirement income stream. The structural choices you make now about your superannuation and any other savings once you retire are of critical importance. Whether you intend to move into full retirement straight away, or scale down to part-time work first, there are complex tax, structural and lifestyle variables to navigate before embarking on this journey.

Planning ahead

When we partner with you for personalised financial advice, we conduct in-depth analysis to understand you and your current situation and goals.  This allows us to map out the most viable pathways for your unique situation.

We can discuss your ideal retirement lifestyle and when you'd like to stop working. We can also help you work out how much income you might need in retirement, and gain an understanding of the types of investments and risks you are comfortable with.

At FinNest Financial, we take the time to truly discover what a successful retirement looks like for you. We filter through the noise and confusion to construct a clear, comfortable and customised retirement strategy tailored for your specific aspirations.

Start planning now

No doubt you would like to be one of the fortunate ones who is in a position to dictate when and how they retire. At FinNest Financial, we can help make that a reality, by supporting you to plan, grow and protect your retirement wealth. The right advice, supported throughout your lifetime, can make a real and tangible difference to your retirement outcomes, as it has for so many of our clients. Click here to see some success stories from our happy clients whom we’ve supported with fantastic retirement planning advice.

To find out how we can help you plan a successful retirement, call 07 3831 7629 or email us today.

*Australian Government Actuary, Australian Life tables 2022-24.

^Association of Superannuation Funds of Australia’s Retirement Standard March quarter 2026.