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Fair enough. Hope it works really well for you!

Why's that? My plan is to have enough to just spend the yield, and then treat whatever superannuation comes in as a bonus.

If that's what works for you then great. By taking action and saving regularly it puts you ahead of most people I know. Over the years that $500pm will add up, and will be available in the event of emergencies. As your investment income grows the pressure will come off anyway as you will...

Yeah I'd say so, but I wouldn't do it all in one hit, and certainly wouldn't sell viable assets to do it. I'd just let the cash balance drift up until it was about right then plan on buying some more assets with any surplus.

Save the cash once you are getting some investment income. My plan is simply to cap my annual spending at perhaps 90% of my investment-based income, so as to build a cash reserve that I can use to smooth any bad years.

The cash is really just risk management, so I'd hold it wherever was convenient. If I had any debt to offset I's use that first, then whatever high interest account was sensible. I wouldn't want a huge amount in cash, probably no more than 10-15% of the portfolio value. Any more than that...

My plan is to have my PPOR paid off, plus $3M in income generating assets (in 2005 dollar terms). In practice, I'm aiming for about $5M worth of unencumbered assets within the next 10 years, generating 4-5%pa yield. I already have a nett position well in excess of $2M.

Principles are fine, provided you understand how and why to apply them. I'm not seeing anything that suggest that the investment allocation described in this thread is any better or worse than any other. For my retirement, I'd rather hold plenty of well yielding property, spice up the...

Sounds to me like the author works for Vanguard. It's a rather specific strategy, why do you think it will work in Australia?