Retirement is a number, but it’s not an age. Going back to the last two episodes, know how much income you need for your lifestyle, then estimate the savings needed for your income. Now if there is a gap, and there often is, what can you do about it? *UPDATE* Since this episode was recorded the contribution caps increased on July 1 2021 for the first time since 2017.  The indexation of the contribution caps will see the standard concessional cap increase to $27,500 and the general non-concessional cap increase to $110,000, with the potential for some clients to bring forward up to three years worth of NCCs ($330,000).