What’s your retirement number and how do you turn it into a plan?

You’ve probably seen headlines about needing a fortune to retire comfortably. While it’s useful to have a target in mind, the real question is: how will you turn your savings into a reliable income that lasts?

It’s about more than just a number

There’s no single amount that works for everyone. Your retirement plan needs to reflect your lifestyle, your anticipated spending needs, any income you’ll continue to receive (like NZ Super), and how long you’ll need your money to last.
That’s why we don’t just focus on reaching a lump sum. Instead, we look at how to turn what you’ve saved into a strategy that works for the long run, tailored to your goals and needs.

Turning savings into income

Once you stop working, the way you use your investments changes. You still need some growth to help your money keep up with inflation and last for the years ahead. But at the same time, you’ll want the stability of cash or lower-risk investments for your more immediate needs.

Advisers can help people structure their portfolios so they can draw a regular income without having to worry about short-term market movements. That may mean combining a mix of investments. Some that are designed to support spending now, and others that can grow quietly in the background for later on. It’s about finding the right balance so you can enjoy your retirement, knowing your money is working in the background to support it.

Timing matters

One of the biggest risks in retirement can be having to withdraw from growth investments when markets are down. This is known as sequencing risk, and it can have a real impact on how long your money lasts. A well-structured plan can be constructed  to reduce this risk, for example, by setting aside a cash buffer or building a structured drawdown strategy, so you’re less likely to be in a position of needing to sell investments during unfavourable market conditions.

Your retirement, your strategy

No two retirement journeys look the same. That’s why we take the time to understand your goals, estimate the income you’ll need, and build an approach that fits you. And we stay in touch along the way — adjusting your plan when life changes, markets shift, or new opportunities come up.

If you’re starting to think seriously about retirement, or you’re already there and want to make sure your plan is still fit for purpose, we’re here to help. Get in touch with us today.

Disclaimer: Please note that the content provided in this article is intended as an overview and as general information only. While care is taken to ensure accuracy and reliability, the information provided is subject to continuous change and may not reflect current developments or address your situation. Before making any decisions based on the information provided in this article, please use your discretion and seek independent guidance.