12/12/2021
The average Australian spends between 15-20 years in retirement.
Recent data from the association of superannuation funds of Australia (ASFA) suggests that to live a comfortable retirement couples should be spending approximately $64,000 annually and for singles, approximately $45,000 annually.(15-20 years in retirement suggests your super balance should be between $900,000 - 1.2 Million). Bear in mind these statistics are factoring in that these individuals own their own home too! If you think holding an investment property can outperform your super and set your retirement up leave your details on our website and we will reach out to you.
Source: ASFA September quarter 2021