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Bridges Financial Services

Retirement on target?

12 Nov 2018

With the cost of living going up each year, it’s hard to imagine how much you’ll need for your retirement.

With the cost of living going up each year, it’s hard to imagine how much you’ll need for your retirement.

But, research by the Association of Superannuation Funds of Australia (ASFA) suggests that if you’re aiming for a comfortable lifestyle in retirement you’ll need to save about $640,000 for a couple or $545,000 for a single person1. And, it would be even more if you want to enjoy some of the finer things in life.

So what will this amount afford you in retirement?

To find out, use the Bridges Retirement Lifestyle Calculator. See how you measure up and whether you’re on target to live the retirement you want.

What’s the Bridges Retirement Lifestyle Calculator?

The Bridges Retirement Lifestyle Calculator is an online tool that shows you if your savings, super and investment strategy are on target to meet the retirement lifestyle you want. You can view and download your results and see how financial advice can help you achieve your retirement goals.

Step 1 – About you

Enter some information about yourself including your income and super balance. Don’t worry, we won’t keep or share any of your personal information.

Step 2 – Set your ideal lifestyle

Select the level of comfort you would like for your home, food, leisure, transport and health care.

This step includes an explanation of the different comfort levels and their associated goods or services. For instance, do you want to enjoy regular holidays? Do you want to update the kitchen or bathroom or your entire house? Eat out or entertain family and friends at home? How about private health insurance and maintaining a car?

Based on your selections, you’ll be placed on a lifestyle scale from low (modest) to high (comfortable plus). This will then be compared to the information you provided in step 1 - so you can see if you’re likely to have enough money when you retire to live your ideal retirement lifestyle.

Step 3 – View and download your results

View and download your personalised results including tips on how you could increase your retirement savings and how a financial planner can help.


1Source: ASFA retirement standard.

Take the next step

To discuss the complex financial choices you’re facing, make an appointment with a Bridges financial planner.

We have an established alliance with Bridges, to provide our customers with financial advice. Bridges has been helping Australians prepare for their retirement for 30 years.

A Bridges financial planner will develop a plan specifically for you; one that’s tailored to your needs and circumstances, to help you achieve your goals, both in the lead up to retirement and during retirement.

To make an appointment with a Bridges financial planner, call Credit Union SA on (08) 8202 7777. The initial consultation is complimentary and obligation free.

Bridges Financial Services Pty Ltd (Bridges) ABN 60 003 474 977, ASX participant, AFSL No 240837. This is general advice only and has been prepared without taking into account your particular objectives, financial situation and needs. Before making an investment decision based on this information, you should assess your own circumstances or consult a financial planner. Examples are illustrative only and are subject to the assumptions and qualifications disclosed. In referring members to Bridges, Credit Union SA does not accept liability or responsibility for any acts, omissions or advice provided by Bridges or its authorised representatives. Bridges is part of the IOOF group.

Credit Union SA refers its members and other people to Bridges and in return receives a commission of up to 22.5% of the fees and commissions they receive on investments, and a trailing commission of up to 0.20% per annum on funds held under management.

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