Can You Retire at 60 With $500K? We Ran the Numbers

Take the free retirement quiz → https://wealthlab.com.au/retirement-quiz/?utm\_source=youtube&utm\_medium=social Want to chat? Book a free intro call → https://wealthlab.com.au/strategy-review/?utm\_source=youtube&utm\_medium=social Can you retire at 60 with $500,000 in super? It’s a question many Australians ask, but the answer depends less on hitting a magic number and more on how much you want to spend, when you retire, and how long your savings need to last.In this episode, Phil and Dan put the $500,000 retirement question to the test using a realistic couple’s scenario. They model different retirement ages and spending levels to show how decisions around work, lifestyle, inflation and the Age Pension can dramatically change the outcome.You’ll learn: \- Whether $500,000 in super could realistically support retirement from age 60 \- Why the seven-year gap between age 60 and Age Pension age can put additional pressure on your super \- How retiring at 60 versus working a few extra years can dramatically change how long your savings last \- Why retirement spending often changes over time and how inflation affects your future income needs \- The trade-off between retiring earlier, spending less and working longer to fund the lifestyle you want This episode is for Australians aged 55+ wondering whether they have enough super to retire and what their retirement lifestyle could realistically look like. Rather than relying on a single retirement number, it shows why testing different scenarios and planning ahead can help you make more informed decisions about when to stop working and how much you can afford to spend.About Wealthlab Wealthlab helps Australians build wealth, grow businesses, and live life on their terms, through smart financial advice, investing strategies, and financial education.📲 Follow Us: Instagram: https://www.instagram.com/wealthlabau/ Facebook: https://www.facebook.com/wealthlabAUDisclaimer: General advice only. This content doesn’t consider your objectives, financial situation or needs. Consider whether it’s appropriate for you and read our FSG before acting. Past performance is not a reliable indicator of future results. Wealthlabplus Pty Ltd (ABN 29 678 976 424). Wealthlabplus is a Corporate Authorised Representative of MiPlan Advisory Pty Ltd ABN: 70 600 370 438 Australian Financial Services Licensee No: 485478).General Advice Only: Read out Privacy Policy, Fee's and AFSL accreditations here https://wealthlab.com.au/compliance-policies/financial-services-guide