Mind the gap: Couples need $809,000 nest egg to retire with ‘choices’ at age 65

A retiring couple relying only on New Zealand Superannuation need to have saved $809,000​ to fund a “choices” lifestyle in a city, the latest Massey University Fin-Ed Centre​ annual Retirement Expenditure Guidelines shows.

But if those retiring in the provinces need only $511,000.

Single people wanting to live a “choices” lifestyle need $600,000​ for retirement in provincial towns, and $688,000​ for a city retirement.

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