Here's exactly how much money you need to retire. 9News
How much you need to save for a secure and happy retirement is one of the big questions all Australians will ponder.
Estimations are based on pre-retirees aged 55-59 who own their home outright, with no mortgage payments hanging overhead. That pot of cash is more than eight times higher than the $88,000 required for a single "low" spender, who aims to live off $1308 every two weeks. Super Consumers Australia director Xavier O'Halloran said the research provided a "solid rule of thumb" for what Australians need to maintain living standards when they retire.
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