Most people have no idea about how much they need in super for a comfortable retirement.
The below article will give you some insight into what the average person/couple would need for a comfortable retirement.
However, based on my experience in working with doctors and dentists, I believe you will need a lot more than what is stated in the article.
To have a comfortable lifestyle of around $100-120,000 p.a. in retirement, I believe most couples would require around $2m-$2.5m depending on what age you retire.
Obviously, if you have substantial investment outside of super, this amount will need to be adjusted.
So this might be a good time to check how well on track you are to achieve that goal. Because, super contributions limits are quite low, so it will be harder to catch up later in life.
Let me know if you need any help.
Yves@affluenceprivqte.com.au or 0432 885 295
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Yves Schoof and Affluence Private Wealth are Authorised Representatives of Synchron, AFS Licence No. 243313.
The information posted is intended to be general in nature and is not personal financial product advice. It does not take into account your objectives, financial situation or needs.
Before acting on any information, you should consider the appropriateness of the information provided and the nature of the relevant financial product having regard to your objectives, financial situation and needs. In particular, you should seek independent financial advice and read the relevant product disclosure statement (PDS) or other offer document prior to making a decision.