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How much needed for retirement?

Posted by: 2ue | 17 March, 2012 - 2:36 PM
The great carbon tax cash splash to hide the real tax pain?

Are over 50's doing enough to prepare for their retirement? What plans need to be put in place? Just how much should you have set aside? George & Paul with Michael O'Neill of National Seniors Australia with advice.




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Blog comments Your Say

  • Spot on, and the way is everything set up, how many Australians can save that amount, earning the average $6oo pw, paying average $400 pw for rent only?

    Vicky Sunday 18 March, 2012 - 4:53 PM
  • At the moment to be comfortable in retirement you would need a CPI indexed superannuated pension of at least $1000 per week or, as commented elsewhere here, a rental house/unit returning at least $800 plus per week. Without either of these investments you would be living in abject poverty on the government pension.

    Sam Sunday 18 March, 2012 - 11:11 AM
  • If I could have $120,000 now my Thai wife and I would retire to Thailand now. My wife has a big 2 storey house in good condition! I am 54 years old. You can build a new 2 bedroom house for $15,000 but you poor sods that don't have a Thai wife will have to stay here and be punished buy the Aussie system and Government! That has already happened to me, I lost my house my money and my children to a Christian Sunday School Teacher all with the assistance of the Federal Government.

    Evil triumphs when good men say nothing! Saturday 17 March, 2012 - 6:35 PM
  • I would say one million dollars if the house is paid off, at 5% interest rate its around $1000 a week interest, Or a $600,000 rental house making around $800-$900 a week.

    jeff Saturday 17 March, 2012 - 2:45 PM

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