How much money do you need to have a very comfortable retirement #retirementplanning

Replying to @It’s me 🇦🇺 it’s the ultimate question. How much do we need to live a comfortable retirement? Of course it’s different for everyone depending on their lifestyle and income needs. Some people need multiple big overseas holidays each year and other people are happy to buy a caravan and wear it out over the coming 20 years, both these things have different levels of expenditure so there’s no one size that fits all. But if you ask me what’s the ideal number of passive financial assets for me would be $2.5 million up to $3.5 million would provide the large majority of the population of very healthy retirement. Of course you don’t need that amount of money to live a happy and fulfilled retirement a couple that have a $700,000 in superannuation and supplemented income from age pension can live, and do live, a very comfortable retirement. General advice only. #investing #financialadvice #retirement #superannuation

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