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.