As a general rule you’ll need around $2 million in assets to generate $100,000 a year income for retirement.
RETIRING on $100,000 a year is not just for multi-millionaires and high flying executives. Ordinary Aussies can come close to this income in retirement after a full working life and regular extra savings.
The International Monetary Fund (IMF) has released a report showing Australian homes are among the top five most expensive in the world. In the 12 months to March 2013, property prices increased 10.9 per cent across Australia, with above-average price growth in Melbourne and Sydney.