Thanks to our high standard of living and medical advances, Australians are living longer than ever before. A male retiring at age 60 will likely spend around 22 years in retirement and a female 26 years. While this is good news, being able to enjoy such a lengthy retirement may cost more than you think. According to the Association of Superannuation Funds of Australia (ASFA), an individual seeking a comfortable lifestyle needs a yearly income of $40,297 (after tax). That requires savings of $533,088 at retirement to provide this level of income for the next 20 years. When we draw up a plan, we conduct in-depth analysis to learn about you and understand your current situation and goals so we can present you with the most appropriate options to suit you in retirement. 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. Whether you are approaching retirement or still a few years away, it’s important that you understand all of the options available to suit you and your ideal retirement.