If you’ve ever pondered how much money you will need in retirement, you’ll know that there’s no easy answer. Among other things, it depends on how long you will live, how much income you wish to draw, and the returns on your investments during this time.
To assist this process, the Australian Institute for Population Ageing Research (part of the University of NSW) published a Longevity Index. This index helps you to estimate the capital required for each $1 of retirement income you need.
The index showed the following values (rounded) for men and women of various ages. It assumes that cost of living increases by the official inflation rate (CPI) and that funds are invested in government bonds.
Posted by wealthpath112 137 days ago (http://www.wealthpath.com.au)
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