These days 50 and over is not regarded as 'old'. In fact, you might even be looking forward to reaching the half-century mark.
You might not be retiring just yet, but it’s hard not to get excited about cutting back on work, seeing the kids leave home and finally getting to enjoy that extended holiday across Australia or around the world, or just simply doing what you want to do.
Some people in their fifties will have achieved financial independence and will be able to retire comfortably, but most of us will need to use the coming decade to lay more secure financial foundations.
Here are some key steps.
Our 'Superannuation and allocated pension calculator' helps determine what an expected superannuation benefit may be (in today's dollars) when retiring. You can adjust contribution amounts and expected investment return to see what effect they have on the final benefit. You can then determine how long an expected superannuation benefit may last during retirement.