Is your retirement on Target?

3 December, 2018

With the cost of living going up each year, it’s hard to imagine how much you’ll need for your retirement. But, research by the Association of Superannuation Funds of Australia (ASFA) suggests that if you’re aiming for a comfortable lifestyle in retirement you’ll need to save about $640,000 for a couple or $545,000 for a single person1.

And, it would be even more if you want to enjoy some of the finer things in life.

 

So what will this amount afford you in retirement?

To find out, use the Bridges Retirement Lifestyle Calculator. See how you measure up and whether you’re on target to live the retirement you want.


What’s the Bridges Retirement Lifestyle Calculator?

The Bridges Retirement Lifestyle Calculator is an online tool that shows you if your savings, super and investment strategy are on target to meet the retirement lifestyle you want. You can view and download your results and see how financial advice can help you achieve your retirement goals.
 

Step 1 – About you

Enter some information about yourself including your income and super balance. Don’t worry, we won’t keep or share any of your personal information.

Step 2 – Set your ideal lifestyle

Select the level of comfort you would like for your home, food, leisure, transport and health care. This step includes an explanation of the different comfort levels and their associated goods or services. For instance, do you want to enjoy regular holidays? Do you want to update the kitchen or bathroom or your entire house? Eat out or entertain family and friends at home? How about private health insurance and maintaining a car? Based on your selections, you’ll be placed on a lifestyle scale from low (modest) to high (comfortable plus). This will then be compared to the information you provided in step 1 - so you can see if you’re likely to have enough money when you retire to live your ideal retirement lifestyle.

Step 3 – View and download your results

View and download your personalised results including tips on how you could increase your retirement savings and how a financial planner can help.
 

Financial advice makes a difference

To discuss and understand what the results of the Bridges Retirement Lifestyle Calculator mean for you, make an appointment with a Bridges financial planner.

Just call 1300 36 76 56. The initial consultation is complementary and obligation free.


1 Source: ASFA retirement standard.

Bridges Financial Services Pty Limited (Bridges). ABN 60 003 474 977. ASX Participant. AFSL 240837. Bridges is part of the IOOF group. This is general advice only and has been prepared without taking into account your particular objectives, financial situation and needs. Before making a decision based on this information, you should assess your own circumstances or consult a financial planner or seek taxation advice from a registered tax agent. In referring customers to Bridges, CWCU does not accept responsibility for any acts, omissions or advice of Bridges and its authorised representatives.