Retirement Budget Planner



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Assuming you own your own home the table below is a guide as to how much retirement income you may need per year: Modest lifestyle – single1 Expenses (per week) Modest lifestyle – couple1 Comfortable lifestyle – single1 Comfortable lifestyle – couple1 Your expenses Transport and auto (running and owning car) 96.80 99.54 144.25 146.99 Food / Groceries 75.86 157.15 108.38 195.08 Leisure 73.57 109.60 222.94 305.51 Housing (ongoing only) 63.75 61.19 73.88 85.65 Utilities 43.58 57.87 44.22 59.97 Health / Medical (including private health) 39.58 76.39 78.52 138.59 Household goods and services 26.18 35.50 73.65 86.28 Clothing 17.58 28.54 38.05 57.08 9.63 16.85 26.46 33.67 446.52 642.64 810.36 1,108.83 23,283 33,509 42,254 57,817 A Annual Age Pension amount ( 21,912.80 for single person, 33,035.60 for a couple) B Income shortage (A-B) C Communications Total per week Total annual expenses The amounts stated in the table are according to the Association of Superannuation Funds of Australia (ASFA) Retirement Standard as at March 2014..




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