Is $1m too much?

$1 million retirement goal? Here's why it makes sense:

Back in the day, around the 1970s, retirement spanned about 12-16 golden years. Fast forward to now, our expected retirements stretch out to a solid 20-24 years.

The million-dollar question is - is $1 million enough to fuel this new-age retirement? 🤔💭

Think about it - aiming for $1M gives you a cozy retirement income of around $40-50K a year. But is that a sweet spot or an overshoot?

Enter a compelling study by Westpac and Massey Uni. Their research found that for the city-dwelling retiree seeking choice and flexibility, you'll need about $1200 per week per couple. That translates to roughly $62,400 annually, or about $32K per person.

Factor in inflation, and voilà! The $40-50K per year retirement income target starts to look just right. 🎯💡

So, let's aim for that million, and rewrite the narrative of golden years, shall we? 💪🏽💰

Remember, everyone's different, so $1m may be too much, or not enough for you - the main thing is you get the retirement you've always dreamed of. 🌟🍾

Check out 'KiwiSaver Millionaire Roadmap': https://bit.ly/3NOqcww

#RetirementPlanning #FinancialFreedom #GoldenYears #RetirementGoals