An expert is backing a recent recommendation that retirees need a decent amount of money to top up their superannuation. 

New Expenditure Guidelines have found less than $500 thousand in savings is enough for most over-65s.  

Superannuation and Super Fund expert Jonathan Eriksen told Roman Travers a nest egg is required to top up superannuation. 

He says Massey University's half a million dollar figure is right, adding if people want a bit more luxury for holidays, a million is probably needed. 

LISTEN ABOVE 

An expert is backing a recent recommendation that retirees need a decent amount of money to top up their superannuation.&nbsp;
New Expenditure Guidelines have found less than $500 thousand in savings is enough for most over-65s. &nbsp;
Superannuation and Super Fund expert Jonathan Eriksen told Roman Travers a nest egg is required to top up superannuation.&nbsp;
He says Massey University's half a million dollar figure is right, adding if people want a bit more luxury for holidays, a million is probably needed.&nbsp;
LISTEN ABOVE&nbsp;

A fresh and intelligent start to your day - catch the very latest international and domestic news developments, sport, entertainment and business on Early Edition with Ryan Bridge, on Newstalk ZB.

A fresh and intelligent start to your day - catch the very latest international and domestic news developments, sport, entertainment and business on Early Edition with Ryan Bridge, on Newstalk ZB.

Early Edition with Ryan Bridge

Jonathan Eriksen: Superannuation and Super Fund expert on the recommended savings for retirees

https://api.omny.fm/orgs/7784f840-c291-422a-924b-ad9000bbad71/clips/929d7bc6-76ac-4311-b7de-b27201632ef8/transcript