OpenTube

Is $250K, $500K, $750K, and $1M Enough to Retire Comfortably?

Opes Partners

6,833 views

Start your path to financial freedom with a detailed financial plan for $0: https://bit.ly/4cSDUf0

Do you actually know how much you need to retire comfortably?
Most people don't.
In this episode of the Property Academy podcast, Ed and Andrew break down exactly what you can spend in retirement at five different levels:

● Tier 1: $100k (tight, emergency fund only)
● Tier 2: $250k (dinner out once a fortnight, camping trips a couple times a year)
● Tier 3: $500k (regular dining out, domestic holidays, overseas every couple of years)
● Tier 4: $1M (regular overseas holidays, quality health insurance, buffer for shocks)
● Tier 5: $2M (multiple overseas trips a year, business class, premium everything)

Ed also explains the three stages of retirement spending (Go-Go, Slow-Go, No-Go) and the #1 thing that changes the maths more than anything else: whether you own your own home.
If you're renting in retirement, this episode will show you why the numbers get really tough.

Subscribe to the podcast for daily episodes: https://linktr.ee/Thepropertyacademyp...

Ep. 2384⎟Property Academy podcast

https://www.opespartners.co.nz/
Instagram: opes_partners

00:00 Is $100k enough to retire on?
00:34 Do most people know how much they need to retire
03:13 The $100k lifestyle
05:38 The $200k lifestyle
10:15 The $500k lifestyle
12:20 The $1 Million lifestyle
13:48 The $2 Million lifestyle

#retirement
#retirementplanning
#retirementsavings

This track has been registered for Content ID by AdRev. AdKey:P7GM4kxKBYjRzX

Opes Partners Comment Deletion Policy
At Opes Partners, we encourage open discussion and respectful debate. If you disagree with us or our content, that’s totally fine – we won’t delete your comment. However, if your comment is mean-spirited, personal attacks, or targets our presenters, we will remove it. Our goal is to maintain a safe, supportive environment for everyone in our community.
Let’s keep it respectful, constructive, and focused on growth.

7 Comments

@Ak-tn6lt 6 months ago

Hi can you make a video for kids or teenagers (school children)who save around $500 to $2000 a month from pocket money , gifts from grand parents, like where they should invest or just put in their bank accounts.

@monypaz5263 1 month ago (edited)

Shhhhhh. 71 YO here. It does not matter how much you really have invested. If you can find 25k per annum to supplement two NZ super and own your house, you can relax in the airport lounge. In fact with 2 X NZ super and 25K top up, we travel twice a year to Europe, pay all utility bills, rates, all insurances ( house ,contents, cars, health ) WOF and maintenance /servicing of two sports cars, food, entertainement bucket, contingencies bucket and shopping/ clothing bucket. BTW in this household no jandals/ shorts. We replaced my 3 pieces business suits and her business suits, with sports jackets, corduroy, leather and suede. So if you don't over do restaurants, takeaways and booze, Your capital will last longer than you😂

@jo90washere 6 months ago

Do u have a generational wealth video

@hrrrld 4 months ago

Am I right that you are referring to couples in this assessment? The reality is that many people (especially women) end up alone in old age - and sometimes can have 20 or more years as a single person. How much would they need?

@retix11 6 months ago (edited)

I don't think super is going to be here in 20ish years, or at least severely means tested. Paid tax all my life, never been on benefit but I'm under no illusions I'm on my own when I retire. We are trying to pay off house as fast as we can but its hard, already have a ok kiwisaver. Rental property is just not worth it now, most kiwis want property investors taxed and at a disadvantage, mentality has changed and going to get worse. Index fund once we are mortgage free hopefully will give us enough plus kiwisaver but it's not guaranteed.