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Hey Terry, l was reading one of those superannuation advice and planning etc. articles a few months ago for people hitting retirement age in 30 or so years. It was saying single people will need to consider a doubling of the accepted current minimum to survive, mostly based on inflation etc. How do you see this. Does that sound factually correct, or more speculative?
Actual dollar figures will need to be adjusted for inflation. I suspect Terry's poll is asking how much you'll need in today's figures.
$107563/pa in today's money.
Seems oddly specific?
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.