Question answered in today's Quick Fire Finance episode:
"I read with interest the correspondence on “how much is enough” to retire on. It seems some people expect to live in a way that exceeds most of us during our working lives!
A major key is home ownership of course. Without that or a comfortable motor home perhaps, all bets are off.
At 85, with a debt-free house and by myself in Auckland, I find that NZ Super covers my everyday costs including rates and car, with a very small other income to handle any extras — but that’s often added to a modest nest egg.
Until my wife and best friend died we largely roamed the world for about 16 years. Yes, this cost a lot, but worth every penny, and when better to do so than when we could.
Now I know I can live comfortably and securely if not extravagantly on little more than Super."
Source: NZ Herald 1 August 2020
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