Quick Bites | How Much is Enough?

I’m sure there are few people who don’t worry about how much they require for a comfortable retirement. The answer varies from place to place, but for Australians is somewhere around $3 million (in USD). For the US and Canada, the figure is between $3 million and $5 million, whereas in Africa it is considerably less. This is according to the 553 investors worldwide who shared their views in the latest MLIV Pulse survey, reported by Bloomberg.

Most respondents are optimistic they’ll move closer to their retirement goal by ending 2023 with more retirement savings than at the end of 2022. Last year, inflation and rising borrowing costs smashed most stocks, and since bond prices also plunged, the average diversified portfolio suffered significantly. This year, most investors expect stocks and bonds to resume their traditional relationship by moving in opposite directions, with fixed income serving as a cushion for potential losses from riskier assets.


But the mood of many retirees remains somewhat nervous – reflecting the uncertain economic outlook, with corporate profits shrinking and recession or slowdown a possibility later this year, real estate prices down by double digits over the last 12 months, and tense geopolitics following the war in Ukraine.


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