A successful retirement means different things to different people. Some of us look forward to spending quality time with loved ones, travelling the world, volunteering or taking up a hobby. No matter what retirement looks like to you, it should be a time of enjoyment, not financial stress.
With a bit of careful planning pre-retirement, you can reduce the worry of outliving your retirement savings. The sooner you look at strategies to boost your retirement savings the better, but even if you feel you have left things a little late, planning now can still make a real difference.
When Janet turned 60 she started to think about being able to afford to reduce her working hours and eventually retire permanently. She had never been the type to worry about the future too much because she was busy enjoying the present, but her youngest child had just left home, so it dawned on her that retirement may not be too far away.
Reference: https://sdlifewealth.com.au/case-study/organising-and-enjoying-retirement/