Is $1m really enough to retire comfortably in New Zealand? - Generate Wealth Weekly

Is $1m really enough to retire comfortably in New Zealand? - Generate Wealth Weekly

Opinion byGreg SmithNZ Herald·21 Jul, 2026 08:30 PM6 mins to readGreg Smith is an investment specialist at GenerateThe new retirement maths: Why $1m may not stretch as far as you think. Photo / 123rfFor generations, becoming a millionaire was the ultimate financial milestone. It represented success, security and – perhaps most importantly – the promise of a comfortable retirement.Today, that assumption deserves a rethink. Part of the reason the $1m target has become so ingrained is that it feels simple and intuitive.

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