Retirement should be one of the most exciting times of your life. You’ve worked hard and it’s time to enjoy the fruits of your labour. So how much do you need to survive?

This is an important question, but it’s not as important as “how much do I spend now?”.

Pre-retirees are one of the most common customers of our ‘cash flow’ service. It is imperative that people planning their retirement do some work to establish their cost of living and what other goals they have for retirement.

Once we work out your spending habits, your retirement plans and goals, it’s easy to formulate how much money you’ll need to enjoy life on a passive income.

When your employment income is gone, you’ll need a pool of assets to draw on and superannuation is a big one for most people.

The balance between running your investments through your superannuation for taxation benefits and maximising your Centrelink entitlements can be tricky.

With the Government-assisted pension age getting further and further away there is more emphasis on people being able to stand on their own two feet.

And if you’re planning on retiring before you’re 60, you’ll need a plan for how to get across the gap to when you can access your superannuation entitlements and Centrelink.