How much do I need to retire?

What is the commonly quoted figure for retirement based on?

• Financial advisor recommendations

• Government pension amounts

• ASFA's retirement standard

• The average savings of retirees

How much does ASFA estimate a couple needs annually for a comfortable lifestyle?

• $44,000

• $41,000

• $28,000

• $63,000

What is the estimated savings needed for a comfortable retirement for a single person according to ASFA?

• $545,000

• $500,000

• $400,000

• $640,000

What are the three important factors to consider when calculating your retirement number?

• Number of dependents, current age, job stability

• Healthcare costs, inflation rate, stock market trends

• Current savings, debt, annual income

• Annual cost of lifestyle, retirement age, life expectancy

What is the life expectancy for women in Australia according to the Australian Bureau of Statistics?

• 85 years

• 81 years

• 90 years

• 78 years

How much would you need to fund a retirement lifestyle costing $40,000 a year for 20 years?

• $800,000

• $600,000

• $1,000,000

• $500,000

What can help you retire stronger even if you choose to retire early?

• Winning the lottery

• Working longer, even part-time

• Inheriting money

• Investing in stocks

At what age does ASFA suggest people typically aim to retire to achieve a comfortable lifestyle?

• 55 years

• 60 years

• 65 years

• 70 years

What percentage of your pre-retirement income is considered adequate for maintaining a comfortable lifestyle in retirement according to financial experts?

• 50-60%

• 60-70%

• 70-80%

• 80-90%

Which investment option is generally considered the safest for retirement savings?

• Stocks

• Bonds

• Real Estate

• Government Securities