It may seem hard to believe, but the time you spend in retirement is likely to be as long as the time spent working!
While planning for something that is a long way off can be difficult, not planning for the future may mean you miss out on living the retirement lifestyle you want.
In fact, research* reveals that having enough to retire on is the number one financial concern of Australians.
- we’re living longer
- we want to do more with the time and money we have
- the age pension only takes care of the basics and may not be available at current levels in the future
- inflation means the money you save today won’t go as far tomorrow.
Find out more in our super and the government age pension fact sheet.
How much should you be saving?
How much super you need depends on the type of lifestyle you’d like after you stop working.
* Key Messages on the Superannuation Guarantee, Association of Superannuation Funds of Australia, 2011