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Podcast: NZ Business Owners
Episode: Quick Fire Finance - How Much Do You Need To Retire? / Greg Moyle
Description: The quick fire finance question of the day:
"My latest KiwiSaver statement projected a balance of $253,000 when I’ll turn 65 in 14 years, allowing about $200 per week.
I thought that sounded positive, until I went to ANZ’s KiwiSaver calculator, which said that for a comfortable life I would need about $1.65 million, or $1,190 per week (cash, after housing) — about twice what I can expect from combined KiwiSaver and NZ Super.
A back of the envelope calculation shows that this weekly cash is much higher than what one gets from NZ’s median income. Is it reaso...