Is $2 million enough to retire comfortably in Australia?
One of the most common questions I get asked is “How much money do I need for my retirement?“.
Here’s the thing, if you get the answer wrong on this or you get it wrong from the beginning. There’s definitely going to be trouble later on…
While the answer to this may seem simple at first. There are a magnitude of variables that could impact the amount of money you need to last through retirement.
Is $1 million enough?
What about $2 million?
Is it less or is it more.
It all depends…
Your lifestyle is unique to you. Some have a BIG lifestyle. Some have a SMALL lifestyle. Or somewhere in between.
Big lifestyle, big Number. Little lifestyle, little Number…
What type of travel do you want to do? Is it every year…every two years? Do you prefer business class or economy class?
Are you going to buy a caravan and attempt the big lap around Australia?
How often do you want to go to a nice restaurant and enjoy a nice bottle of wine?
What are your interests and what do these cost?
What level of risk are you comfortable taking with your investments?
This is just the tip of the iceberg…there are many more factors that need to be taken into account when calculating your enough number.
Is $2 million enough for a comfortable retirement in Australia?
We answer this very question in a video.
Not only do I answer this very question. I take you behind the scenes and walk you through the exact framework we use to answer this very question for our clients.
Is $2 million enough to retire comfortably in Australia?
The POWER of knowing your ENOUGH number…
Imagine for a moment you had all your ducks in a row. You knew how much money you needed for the rest of your life. Free from fear of running out of money.
How would that feel and how would you change what you do?
We all strive to live a great lifestyle. To be able to do all things we want to do. While fit and able to.
If you knew that number, would you…
Retire earlier…
Travel more…
Embark on your BIG Lap around Australia earlier…
Help you kids out more financially when they need it most…
Work because you want to, not because you needed too…
Take that once in a lifetime holiday without feeling guilty…
Take less investment risk than you needed too.
Sadly, many have little idea where they are heading financially.
Gaining insights into how much is ENOUGH can be life changing…we’ve seen it change peoples lives for the better.
It puts you in control.
Knowing how much is ENOUGH will give you the freedom and confidence to live your life smarter.
Before your too old to enjoy it…
Do you have a plan to achieve your comfortable retirement?
FACT: Everyday you don’t have a plan is less money you’ll have in retirement…
One the biggest and costly mistakes we see is people waiting too long.
In fact, in all my two decades of doing this. There’s one phrase that I’ve never heard from any client, EVER:
“I really wish I would have waited a little longer to do this“.
And, if you’re waiting for the “perfect time”, that’s never going to happen.
Book your 30 minute Retirement Clarity Call on the calendar below…
We’ll have a chat about your retirement plans, provide clarity and maybe a roadmap to get clear on setting you up for success in retirement.Without fear of running out of money…
P.S. This is not a call to sell you a product or investment. Simply a call to help you determine what you need to do to retire comfortably…
If this is you, book your Retirement Clarity call below and we’ll help you figure where you retirement plan needs fine tuning.
Glenn Doherty – CFP – Financial Planner | Retirement Planning Made Simple for aspiring grey nomads and avid travellers within 7 years of retirement
We work with people in Adelaide and around Australia via virtual meetings!
Request a Retirement Clarity Call
An opportunity to talk through some of your challenges and questions you have around your retirement.
Achieve some clarity and maybe a roadmap on how you can achieve a comfortable retirement.
Schedule hereAdvice Disclaimer: Any reference in this publication to the provision of advice refers to advice of a generic nature, and should not be taken as product or investment recommendations. Before any action is taken based on the information provided, independent financial advice from a licensed financial adviser should be sought. Financial Freedom Project Pty Ltd ATF GA & DC Doherty Family Trust Trading as Jigsaw Private Wealth is a Corporate Authorised Representative of Exelsuper Advice Pty Ltd. The information contained in this publication is of a factual nature only and is not intended to constitute financial product advice. Information is current as at date of publication. This is an online information blog. It does not imply an offering of securities.