The question isn’t who wants to be millionaire, it’s who NEEDS to be a millionaire?
And it all comes down to simple numbers.
Numbers… most of us aren’t huge fans of numbers! But they tell a story. They’ll be a part of your story, and the question is whether the numbers will fall your way or not.
Here’s some food for thought… The ASFA/Westpac Retirement Standard has calculated that a couple retiring today needs $640,000 to be able to have a comfortable retirement income of $58,000 per year.
That is for a couple of 65 year olds retiring TODAY. If we make the reasonable assumption that prices will rise 3% per year then:
And if you wanted a better retirement income than $58,000 in today’s terms, or you want to retire before age 65, then you’ll need more.
Plan to make the numbers fall your way.