I’ve just retired with $650k in super. Should I spend it faster?

November 8, 2026 — 4:10am

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I’m 69 and have been retired for four years. I own my home and have about $650,000 in superannuation. I’m cautious with money and generally only withdraw the minimum required from my super. However, I’m starting to wonder whether I’m being too conservative. I’d love to travel more, but I’m worried about needing money for aged care or medical expenses later in life. How do I strike the right balance between enjoying my retirement savings now and ensuring I have enough for the future?

Thanks for your question. This is a common problem for retirees because we don’t know how long we are going to live, and what our health situation might be like towards the end.

Ideally, have your financial planner do some modelling for you. You can test different rates of spending and get a feel for what might be possible. We’d........

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