Retirement: how income grows once you’ve retired

Starting your retirement doesn’t mean your savings stop growing.

60 per cent of our retirement income

60 per cent of retirement income (on average) is generated after you retire.*

So 'keeping active' is important in more ways than one.

What will it cost you to live the way you want after retirement? That's a question everyone planning for or in retirement needs to think about. If you already own your own home, a couple needs around $1133 per week to live a comfortable lifestyle – that's just under $59,000 per year. Will your retirement income cover this?

You can boost your retirement income — it’s not that hard

If you're investing in shares, choose companies with an income focus: you can invest in a portfolio of companies that generally pay out part of their profits as dividends. These are usually large, growing companies — often household names. So the value of your shares is likely to grow over the long term, and you'll also receive income to support your day-to-day expenses.

Build and protect your retirement stream: you can grow and protect your income for life. This means you'll have a reliable minimum income, exposure to growth assets and protection if the market falls.

Find out how you can save your retirement here.

Important information

Source:

* Wiley, Collie and Smith – The Retirement Plan Solution, 2009





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