Why check on your income stream?
You probably put a lot of effort into making retirement decisions such as starting your Income Stream. But things change, including your Income Stream balance and health, so regular reviews of your savings is a good plan to keep everything on track for a financially secure retirement.
An AvSuper member advice consultant can help you with a health check to assess your Income Stream and how it can meet your goals.
Estimated standard living costs:
It is estimated that you need about $60,264** a year to live comfortably as a retired couple. Given that retirement could easily last 20 to 35 years, that is a lot of money you need to save while working if you want to live comfortably throughout retirement. And if you still have dependants or want to repay large debts (such as a mortgage) in retirement, you may have to plan for continued growth of your super savings to cover these costs.