The basic rule of thumb often cited by financial gurus is that you need at least 70 per cent of your later-life annual pre-retirement salary to retire comfortably. But this is not an official number. The Retirement Standard, a benchmark updated by ASFA, defines a comfortable income in retirement for those aged around 65 years of age in March 2021 as:
Single: $44,412 per year
Couple: $62,828 per year
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