The Expectations Lab is based on the ASFA Retirement Standard
which benchmarks the annual budget needed by Australians to fund either a comfortable
standard of living in retirement. But, a comfortable retirement isn’t a luxurious retirement. That’s why we’ve come up with the Comfortable plus
category for those who want to enjoy some of the finer things in life.
The difference between the comfort levels come down to extra items that are considered to be ‘comforts’, such as updating the kitchen or bathroom, eating out from time-to-time, having private health insurance at the top rate, enjoying an occasional domestic or overseas holiday and being able to afford to buy nice clothes and gifts.
For more information refer to the assumptions.