People need just over $100,000 in savings at age 65 in order to be able to afford the most basic of lifestyles in either Auckland, Wellington, or Christchurch, research from Massey University has found.
from
http://www.stuff.co.nz/business/money/94411456/101-774-in-savings-needed-at-65-just-to-get-by-in-retirement
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