Dreaming about idyllic days of relaxation in retirement? Like most people you have already begun saving for your retirement. But relatively few have a good idea of exactly how much money needs to be put aside per year to fund a comfortable lifestyle in retirement.

Most Australians want and need more than the Age Pension to have a comfortable lifestyle in retirement, industry research has shown that retired singles need to spend around $36,000 a year and couples need around $48,500 a year (assuming the retiree owns their own home).

Did you know that only 3% of us are saving adequately for retirement? To put it another way, out of 100 people born 65 years ago:

• 66 will be dependant on social security;
• 24 will be deceased;
• 5 will still be working;
• 4 will be financially independent; and
• 1 will be wealthy.

The Piccadilly team can help you to get your Superannuation on track. Make an appointment to see us today.