In
aceraceracer's example achieving 1 million in Super is not out of the question.....
25ok in super now and 188k contributed into each super over the start and end of a three year period from sale of investment properties (while also lessening the effect of CGT).
Also for a couple of average wage earners starting out now, are likely to have 1.1 million in super at retirement when combined:
What the future looks like:
What the future looks like for an average wage earners:
A person entering the workforce now on the average wage (around
$80,000 pa) can expect to retire with about
$550,000 in super (in today’s dollars).
Source Vidler Policy and research August 2015.
Full age pension for a couple today is $34,820pa and if you add in $2000-$3000 tops for associated pensioner concessions that is a long way short of a self funded couple living on $60,000pa. Anyone who instead, aspires to full age pension, by resorting to "getting rid of their assets" is a plonker.
Former: cat food for protein/ Latter: Meat and Chicken.
Former: Holidays at local caravan Park, whoohoo! Latter: An Overseas holiday every year if wanting to.
