As you can see, when planning funds for your retirement you need to consider.

• The advantages of being in a company or personal superannuation plan
• The importance of saving in parallel with your superannuation fund to create an additional fund of 100 per cent accessible cash in addition to the funds locked up in the superannuation plan
• The need to achieve an appropriate balance between high risk/high return and low risk/low return investment and savings vehicles.

If you are in business you should consider how you will realise the value of your business when you retire. Do you have a plan for optimising the business succession within the family? Do you have a contingency plan if you are taken ill and can no longer run the business? Once you have considered all these planning points you will be in a better position to estimate your income in retirement and consider whether or not it will be adequate.