How much capital do I need to retire comfortably on ?

[Bjauck]

The million dollar question, or .5m in my case, is how do I choose this portfolio and secondly how do I manage it. I am not averse to researching the subject but I am afraid of getting it wrong.

How much do you have in KiwiSaver (and in any other pension schemes) and in what type of KiwiSaver fund? What type of debt-free house do you have. If it is a big house in an expensive location, then that gives you the ability to trade down to a cheaper property and gives you an extra cushion of financial security that could be drawn upon in retirement. Also depending on the KiwiSaver balance you may be able to make a more risky property or Real estate related stock exchange investment with your $500k

Both house prices and stock exchange prices have had good increases in prices and may well be entering a consolidation phase now. Is your 500k currently in a big Aussie bank?

[ynot]

How much do you have in KiwiSaver (and in any other pension schemes) and in what type of KiwiSaver fund? What type of debt-free house do you have. If it is a big house in an expensive location, then that gives you the ability to trade down to a cheaper property and gives you an extra cushion of financial security that could be drawn upon in retirement. Also depending on the KiwiSaver balance you may be able to make a more risky property or Real estate related stock exchange investment with your $500k

Both house prices and stock exchange prices have had good increases in prices and may well be entering a consolidation phase now. Is your 500k currently in a big Aussie bank?

I have already traded down the expensve house. New house cost 500k and now have 500k in the bank. (nz$)
Nothing else of any major value. All cashed up including kiwisaver.

[Beagle]

I have already traded down the expensve house. New house cost 500k and now have 500k in the bank. (nz$)
Nothing else of any major value. All cashed up including kiwisaver.

Would you like me to start a new thread for you in the main NZX section so people can opine on this. Perhaps a heading like this.
I have exactly $500K to invest in my retirement years. What portfolio investment stratagy would you recommend to maximise my long term wellbeing ?
It might help people to refine their recommended strategy for you if you stated your approximate age and if its just you or you and your partner and I assume you're getting National Superannuation ?
Is it a major goal to leave as much as possible to your kids (if any) when you pass on or are they ratbags like mine are and don't deserve anything ?

You might as well tap into the collective wisdom on here.