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I think it is perceived as neccessary when it often isnt. I know of one person who was pretty tight yet died with hundreds of thousands in the bank - acctually I know of a few like this.

I think it comes down to the individuals. The ones that are retired that I know all tend to spend less. But some seemed to be overly worried about saving money fearful that they may be eating into their savings or capital - even when they have enough to last.

This is what I see a lot of in older people. I recall my grandfather used to love finding a bargin - he would spend $1 on petrol to save 50c sort of thing.

That is very good to hear. I suspect most people will need less than they had expected.

According to ASIC a couple would need around $57,195 per year. retiring at 65 and dying at 85 this could would need $744,000 in capital. see https://www.moneysmart.gov.au/superannuation-and-retirement/how-super-works/super-contributions/how-much-is-enough ASIC have a calculator so you...

Some good points above. Think of all the expenses associated with going to work - transport, lunches, suits, shaving, haircuts, showering etc. once going to work stops these expenses should stop or reduce. But, with the free time do you think you would be doing more hobbies that could cost...

Wondering what most people think they will need, in terms of income, when they 'retire' - whether this be at 65 or before. Poll was based on today's dollar equivalent at that future point in time.