What’s the Lifestyle Retirement Calculator all about?
The Expectations Lab is based on the
ASFA
Retirement Standard which benchmarks the annual budget needed by Australians to fund
either a
comfortable or
modest 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.