Retirement again:)

Been lucky to have travelled a lot already so no real thirst for travel. However dreading the thought of the annual pilgrimage to the UK if I can no longer afford business class.

 

I will PM you.

 

... and high price shiraz!!!!

 

Maybe they meant $126.68 per week

 

Everything paid off ...and we don't have expensive tastes.

Don't think I've paid more than $7.50 for a bottle of wine.

It's the travel bit that concerns me, but a retired friend mentioned the great bargains one can get if not restricted by work hours ... and thinking of doing some house sitting around Europe

Might have to keep sending hubby to work. He's thinking of doing 2-3 days a week consulting anyhow as 50hr/wk to fill is a bit much for him

 

No. @geoffw is right. That's the amount the ASAF has included in it's calculations for it's definition of a "comfortable" retirement.

 

A week on a cruiseship costs about $1600 per person when two share a room, plus spending money. Maybe they mean an overseas trip to Stradbroke Island.

 

This really is a thing... I never thought I'd spend over $30 on a single beer.. but I never knew what a bourbon barrel aged imperial stout was before that either!

 

Exactly this. Don’t think I’ll ever be able to afford to retire as long as Boatrocker Brewery is in business.

 

Those calculations usually allow for an overseas trip every few years.
There are lots of cheap packages to Asia, which is probably what they are working on.

 

Not a beer drinker but I do love full oak chardonnay, Napa Valley region

Not too many wineries do this as well

 

I feel the same, travelled a lot already no real desire. When I am away always looking forward to getting home.

 

I am the opposite.

A wise person once said to me that there are 200 countries in the world and, if you do four a year, it will take you 50 years to see them all (not that one can fully “see” the likes of USA, Canada, China, India, ... in one trip).

My only form of travel in retirement is top shelf.

So, the challenge for me is to stay alive in good health for the next 50+ years .

 

I have been travelling Business Class with Qatar for fraction of the cost, I just upgrade at airport. About $1k more each

This works if BC is not full, from what I have seen not often. Those long flights are absolute killers. Alternatively Zanof? works well

Also top airline, their BC is outstanding, I think voted top airline in world

 

Did you have to tell me that. Now I’ll have to try it.

Thankfully my wife has become more and more experienced with all grain home brewing. I actually prefer her beer over many of the commercial craft beers. Her latest which is one of my all time favourite beers is Coconut (toasted) ShyPA.

 

Same here, no interest at all in International travel any more. But enjoy regular short trips away.

 

We have so much beauty in our own back yard. Keep the money in Oz, help our own small business’

 

Feeling a little concerned about funding our retirement - will we have enough? - so put our details in this:

Retirement tracker

Apparently, we'll end up with around $160,000/yr and very comfortable. That's double what I expected but I'd love to know how they work that out as I'm a little bemused.

Even the ASIC calculator comes out at over $100,000 income.

Retirement planner | ASIC's MoneySmart

Both would be more than enough as our current net income is less than either, and includes expenses that will not longer be required (private school, mortgage etc)

I was working purely on net income from investment properties in today's dollars - so not eating into any capital, as goodness knows how long we live (my grandma is 101 and still fit/healthy). Can I assume the calculators consider you drawing down capital?

 

Well the retirement tracker is a load of BS. I put age 56, zero income for both me & Hubby and Super of $150K and it says I'll have an income of $48k. I'd like to know how.

 

Full pension plus drawing down the super which will grow over the intervening 11 years even without any contributions.