Senior life that one person in their 40s wants to know. It is important to prepare for retirement funds in order to live comfortably and comfortably

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Senior life that you want to know in your 40s. It is important to prepare for retirement funds in order to live comfortably and comfortably

Those who are thinking about life after retirement, such as "I want to know how much the income and expenditure of life after retirement will take on average", "Tell me how much money is needed for retirement in order for a person in his 40s to lead a comfortable senior life". Isn't there a lot of them? It is important to think about your retirement income and expenditure situation and necessary retirement funds early. Here, we will explain the average income and expenditure of elderly households and funds for retirement.

What is the average income and expenditure of elderly households?

According to the Ministry of Internal Affairs and Communications' "Family Budget Survey Report (Household Income and Expenditure Edition) 2020," unemployed households with only married couples aged 65 and over Figure 1 shows the average actual income, disposable income, and expenditure of single unemployed households aged 65 and over (elderly single unemployed households). Chart 1

Things every 40-something should know A senior life that you want to live in. It is important to prepare for retirement funds in order to live comfortably and comfortably.</p><p>Chart 1</p><p> * Created by the author based on Ministry of Internal Affairs and Communications

The pension alone is not enough and the monthly income and expenditure may be in the red

According to the Ministry of Internal Affairs and Communications "Family Budget Survey Report (Household Income and Expenditure Edition) 2020", one month 's income and expenditure is a surplus of 1,111 yen, and the elderly single unemployed household will have a deficit of 7,723 yen in one month. However, the income and expenditure of the Ministry of Internal Affairs and Communications "Family Budget Survey Report (Household Income and Expenditure Edition) 2020" is just an average. Major expenditures are shown in Chart 2. Chart 2

Chart 2

* Created by the author based on the Ministry of Internal Affairs and Communications "Family Budget Survey Report (Household Income and Expenditure Edition) 2020" For example, housing costs may be higher if you rent a house. As for entertainment expenses, if you play golf with friends, eat out, travel, etc., it will cost more. You will need more money than your average income to live comfortably in retirement. In addition, if the actual income is small, such as only the national pension, it is conceivable that the monthly balance will be in the red.

Preparing funds for retirement is essential to live comfortably and comfortably

Frequently enjoy eating out and traveling with friends and couples, wearing favorite clothes and accessories, and going out with grandchildren to shop……. It is necessary to prepare for retirement funds in order to live a comfortable and comfortable life after retirement without worrying about money even if you do what you like. It may be difficult to live a comfortable life with just an average retirement income (pension). Especially when retirement income is less than the average income and expenses or when there are more expenses, sufficient preparation is necessary. The amount of funds you need for retirement depends on your retirement income, expenses, and life plan. While referring to the average income and expenditure, let's make a plan for how much funds other than pensions will allow you to live a comfortable and comfortable life in old age.