Retirement Calculator

How much do you need to retire in NZ?


Ed McKnight

Economist, property investor and host of the Property Academy Podcast

What is a good retirement income in NZ?

Retirees living a Choices lifestyle spend $1,030 – $1,470 per week, depending on where they live and whether they are a couple or living alone. That’s according to data collected by the NZ Fin-Ed Centre based out of Massey University.

How do I calculate how much money I need to retire?

The best way is to use the Opes Partners retirement calculator. This will tell you how much money you will need to retire on the lifestyle you want.

How much should a 55 year old retire with?

To retire with a Choices lifestyle from the age 55 you will need between $920,000 and $1,300,000 in the bank (in 2022 dollars).

This assumes that you’ll receive the NZ superannuation from 65, you own your own home, you’ll retire at 55 and will live till 90.

There is a range because if you are a couple, you’ll need more money than a single person. Similarly if you live in the main cities, you’ll need more money than if you live in the provinces. These figures will rise as the cost of living also rises.


Ed McKnight

Ed McKnight is the host of the Property Academy Podcast – NZ's #1 business podcast. He is an economist, having studied at the University of Auckland and the University of Waikato. He's a frequent writer for Informed Investor Magazine and has contributed to NewsHub, Stuff, OneRoof and Property Investor Magazine.