Planning For Retirement

• Budgeting
• Insurance
• Debt Reduction
• Savings
• Before You Invest
• Investments
• Retirement Planning
  • Planning For Retirement
  • Secrets To Wealth
  • Reverse Annuity Mortgages
  • Annuities
• Estate Planning

Calculators

• KiwiSaver Account Calculator for Employees
• Residential Property Investment Calculator

Useful Resources

• KiwiSaver Tools and Information
• Follow the Secrets to Wealth
• Get the newsletter direct to your inbox each month
• Independent life insurance information

• Introduction to retirement savings
• How much do you need in retirement?
• Calculating how much to save for retirement
• Retirement Planning Calculator

Introduction to retirement savings

How much you need to save for retirement is generally a vexed question, complicated by the fact that everyone's retirement needs will be different.

A simple example is that if your grandchildren are living in your home town, this will obviously require less money than if your children have moved their families to London.

The best advice on offer is from the likes of Sorted, who suggest a level of retirement income based on 70% of your current annual income. While they go on to suggest those factors that will affect the amount of retirement income you'll need, for example owning or renting a home, they offer little concrete advice.