KiwiSaver Balance By Age - Are You Behind?

Mike and James answer the question on whether you are behind on your retirement savings. On this episode, we deep dive into how much different retirement lifestyles cost, what the average KiwiSaver balance is and how much you should have saved in your 20's, 30's, 40's and 50's for a comfortable retirement.

See the full article here:

00:00 - Introduction
02:23 - Retirement lifestyle costs
04:20 - NZ Superannuation
05:48 - How much you need with or without NZ Super
08:46 - The average KiwiSaver balance by age group
10:40 - How much you need in your KiwiSaver by age group

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The content in this podcast is the opinion of the hosts. It should not be treated as financial advice. It is important to take into consideration your own personal situation and goals before making any financial decisions.

[Tehui]

I'm 49 and way ahead of the average KS amount for my age, but way behind the benchmark amount required to reach $1M by 65.

[glynislonghurst]

:( I am then way, way behind. Hamilton, 64 single and no savings and Kiwisaver of $63 000. Oh my hat, No frills at all

[RalphWu]

Do these numbers assume you own the place you live in? (not renting & no mortgage)