Chapter 9: Case studies — four women create $1 million nest eggs

"There are people who have money and people who are rich."

Coco Chanel, French fashion designer

In this chapter, you can read about four women who have worked out what they want for their lives in retirement, and then created a million-dollar plan to make it happen.

Before you read on, I do want to make an important point. Although the idea of a million-dollar retirement may sound enticing, most Australians don’t need $1 million in retirement to maintain the lifestyle they enjoyed during their working life. Even when you expect to have similar costs in retirement as you incur while you’re working, the fact that you will pay no income tax in retirement if you keep your savings in the superannuation system can immediately improve your financial circumstances for retirement.