Great guide and everyone should be putting something in towards kiwisaver. Your example calculations is really the bare minimum of what people would likely get, so it didn't include employer's contributions, and higher income levels. In reality people should have more than $595 at 65 yrs old. But also, let's say you don't take out the $595k at 65 and left it for another 5 years, with no more addition deposits, the amount would be $843k
Great guide and everyone should be putting something in towards kiwisaver. Your example calculations is really the bare minimum of what people would likely get, so it didn't include employer's contributions, and higher income levels. In reality people should have more than $595 at 65 yrs old.
But also, let's say you don't take out the $595k at 65 and left it for another 5 years, with no more addition deposits, the amount would be $843k
The power of compounding - we agree with you, and aim to share this resource around.