O'Reilly logo

Super Freedom: Create a Worry-Free Financial Future in 6 Steps by Trish Power

Stay ahead with the world's most comprehensive technology and business learning platform.

With Safari, you learn the way you learn best. Get unlimited access to videos, live online training, learning paths, books, tutorials, and more.

Start Free Trial

No credit card required

Chapter 8: Doing a lot: making $1 million is possible, but it takes a super plan

"Please Sir, I want some more."

Oliver Twist by Charles Dickens

In chapter 4, I write about the ASFA study (which I refer to as the Retirement Standard) that researched the lives of actual retirees and determined that retirees can live a comfortable life on an income of around $39 000 a year (for singles) or $54 000 (for couples) after tax.

On this level of income, you can eat out regularly each week, use the internet and a mobile phone frequently, enjoy an occasional glass of wine (or possibly two quality bottles of wine a week, for couples), afford the top rate of private health cover, afford more expensive clothing and underwear, replace whitegoods when necessary, ...

With Safari, you learn the way you learn best. Get unlimited access to videos, live online training, learning paths, books, interactive tutorials, and more.

Start Free Trial

No credit card required