Before entering retirement, it’s important to understand the numbers behind your superannuation and

Before entering retirement, it’s important to understand the numbers behind your superannuation and how it can support your lifestyle over the years ahead.

Rather than focusing on a single figure, it’s about understanding how much income you may need, how long your savings may need to last, and whether your super balance is positioned to support your goals.

It’s also important to consider other sources of income, such as the Age Pension if you are eligible, as this may help reduce the amount you need to draw from your superannuation over time.

When planning for the future, it’s important to consider different scenarios, including periods of lower investment returns. Markets can change, and assuming consistently high returns may not reflect real-life outcomes.

By reviewing different possibilities and understanding your numbers, you can make more informed decisions about your retirement strategy and long-term financial security.

General advice only.

Amy Lehmann is an Authorised Representative (No. 1292710) of Consortium Private Wealth Pty Ltd (AFS Licence 495401).