Do you want to travel?
Do you want eat out once in a while?
Do you want maintain a private vehicle?
The Association of Super Funds Australia (ASFA) website offers valuable tools to help you answer these questions.
Use this link to visit the ASFA website www.superannuation.asn.au/resources/retirement-standard and gain a clear insight into how much you will need in retirement
Download the “ASFA Retirement Standard” PDF’s to compare a Comfortable Retirement with a Modest Retirement or the Age Pension
Download the “Detailed Budget Breakdown” PDF’s to to gain an accurate understanding of what your retirement budget should include