Whether retirement is a few decades away, or just around the corner, once you start to understand what you expect your retirement to look like, you can work out what you can do to prepare for this time.
Here are a few things to consider.
There are certain conditions you need to meet before you can access your superannuation or the Government Age Pension in Australia.
The amount of money that you will need in retirement will depend on your personal circumstances and what you expect your needs to be in retirement.
You can use a retirement planning calculator to estimate your superannuation balance when you retire, as well as your annual income in retirement.
We’ve put together a helpful checklist of things to consider as you’re preparing to retire.