4 moves that let me quit at 59

How Ange planned for early retirement

Cbus member Ange tells us what he did in his 20s, 30s and 40s that helped him live the early retirement dream.

Living the dream

Cbus member Ange retired four years ago at age 59, and now he enjoys the freedom he planned for decades earlier.

These days, Ange spends his time travelling with his wife Lyn, with cruises high on the list. The Maldives was a recent favourite, and Japan and Korea are next. When he’s home, he enjoys simple things: tending his veggie patch and spending time with his two grandkids.

Early retirement didn’t happen by chance. Ange started planning more than 30 years ago. Here are the four moves that let him quit work at 59.

1. He started contributing extra to super early

In the 1990s, a workmate told Ange about salary sacrificing – contributing to super from before-tax pay to reduce tax.

“If I didn’t start salary sacrificing, I’d still be working now” Ange says.

2. He educated himself

Ange made a habit of reading his super statements, keeping up with investment performance and going to Cbus education seminars.

He says strong long-term returns, combined with the power of compounding interest, played a major role in growing his balance.

“My investment returns have been 8 – 9% the last couple of years … where else can you get that?”

3. He was smart with money

Ange’s advice to younger members is to think ahead.

“If you think you can’t afford $50 a week to salary sacrifice, see where you can cut back. Balance what you want now with what you’ll need later.”

4. He got help when he needed it

After an investment property didn’t work out, Ange got advice through Cbus and was referred to a financial planner. Together, they explored options and Ange chose to invest in a tax-effective share portfolio that complemented his super.

Everyone’s situation is different, but Ange’s story shows the value of planning early and choosing what works for you.