Reposted by I've Got The Pāua!
If you have a wetsuit and can arrive self sufficient ie own water, food etc we will be on the beach until sunset and welcome your help.
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![Carlyon said international research indicated something between 70 percent and 100 percent of a person's pre-retirement income was needed in retirement, and the "big spending" periods happened in the first 10 years, when people wanted to celebrate not working, and in the last 10 years, when they spent it on healthcare.
"If we model it out for someone earning $120,000 today [who has post tax income of $87,644 per year] and wants to live until 95, also assume they get $400 per week from NZ Super… If they keep it invested in a balanced fund earning 3.5 percent they will need [for 70 percent replacement] a starting balance of $1.1 million [and for 100 percent replacement] a starting balance of $1.8m.](https://cdn.bsky.app/img/feed_thumbnail/plain/did:plc:yjp6d7hdeueafkjwukj65252/bafkreiccodrnqqzpafisgfhje73kpp5owesuxg4rdmyrw5a7qyqsy7bq74)
