I was reading the other day that the average amount of money that Australians, between the age of 60 and 65, have in their superannuation is $75,000. The article also suggested that it would take an income of about $50,000 per year for a couple to live comfortably. Seems like the money would run out soon according to these figures. Of course, it is important to enjoy your life in the present but if you don’t plan for the future you will end up supporting these statistics for the average Australian. If you had a $1 million in your super when you retire and it earns 5%, you will have your $50,000 per year.
Paddy Spruce | Confident Public Speaking
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