“My grandmother started walking five miles a day when she was 60. She’s 97 now, and we don’t know where the heck she is.” Ellen DeGeneres
Life after work offers more opportunities than ever before. Like so much else in life, a fulfilled retirement doesn’t happen by chance. It takes planning. It takes experience. Lucky that's something you already have. Whether you’ve got plans for another career, more time to visit relatives abroad or to read the collected works of Patrick White, you’re still going to need to know where the funds are coming from.


Things to think about at this stage

Whatever your goals, doing the legwork before you retire minimises any surprises. Most people think about access to health care, the cost of living and what government benefits are available. Remember also to factor in the things that make you happy, or you plan to take up, once you have more time. These are a good place to start, with AMP’s retirement needs calculator.

Managing your money in retirement

Although most people expect to spend less when they stop working, that’s not automatically the case, particularly if you’re in good health. What you spend will depend on your goals as well as thinking about your legacy for your family. As with all financial planning, remember to consider both what’s likely to come in as well as go out.

Consider professional advice

Some financial advisers specialise in aged care and can help you work out the right way forward for you or your loved ones. Here you can find an adviser near you. Your adviser will discuss any fees and costs associated before proceeding.

What's next?

Use our retirement simulator to estimate how much you can spend in retirement

Important information

Any advice and information provided is general in nature, hasn’t taken your circumstances into account, and is provided by AWM Services Pty Ltd ABN 15 139 353 496 (AWM Services), which is part of the AMP group (AMP). Read our Financial Services Guide for information about our services, including the fees and other benefits that AMP companies and their representatives may receive in relation to products and services provided to you. All information on this website is subject to change without notice. Although the information is from sources considered reliable, AMP does not guarantee that it is accurate or complete. You should not rely upon it and should seek professional advice before making any financial decision. Except where liability under any statute cannot be excluded, AMP does not accept any liability for any resulting loss or damage of the reader or any other person.

The product issuer of the AMP Bett3r Account is AMP Bank Limited ABN 15 081 596 009, AFSL 234517.