Okay to answer that question, (because there's a range of strategies) I think its best to reverse engineer this and ask what level of weekly income do you want in retirement ?
More than happy to weigh-in on this as I am in much the same position.
Questions that one might like to consider that I have been pondering.
1. What hobbies and interests do you want to pursue in retirement and what might that cost as a lump sum up front (e.g. nice new motorhome or boat) and to run on an annual basis ?
2. What other activities does one want to undertake in their retirement, e.g. annual, (or more frequent ?) holidays outside N.Z. or cruises (obviously once Covid risks have abated)
3. What level of support does one want to continue to provide for charitable or philanthropic purposes.
Once you have answers to the above one then needs to ponder what level of lifestyle generally one wants to have, luxury, comfortable or frugal.
If I recall correctly sorted had some good info on this. Basic super for a married couple ifs $652 per week net after tax
https://sorted.org.nz/guides/retirem...z-super-rates/
Good page here with heaps of guides - time does not allow me to review today
https://sorted.org.nz/guides/retirement/
Suppose you decide you want a comfortable lifestyle and suppose like me your 60 this year and am thinking of retiring before you turn 65 and wondering if you have enough and what is the best way to invest.
If I remember correctly sorted reckon you need around $1,200 - $1,300 per week to live comfortably, (regular trips away, lots of treats, meals out, participating in hobbies e.t.c.). Lets assume a comfortable retirement is something I assume everyone here wants as a minimum. This is about double the rate of N.Z. super for a married couple which is currently $652 per week.
So the question then becomes what is the optimum investment strategy to generate another $650 per week plus whatever extra on top of that for high cost hobbies you want to engage in. $650.00 per week = $33,800 per annum in investment income. If one invested in say the Kingfish fund, Marlin or Barramundi or some combination thereof which pay out 2.0% net each quarter (assuming they are trading at NTA, which sadly they're not at present which makes life a bit more difficult) then one needs to simply invest 33,800 / 0.08 = $422,500 and they will achieve their outcome and if spread over Barramundi and Marlin as well will get a broadly diversified portfolio of Australian and International shares as well.
Australian ETF fund for yield is paying quite a bit more than the NZ ETF fund
https://smartshares.co.nz/types-of-f...ian-shares/asd
I'd rather pick my own shares and yield on the NZX than accept a 3.4% return in the NZ yield ETF. Choose high dividend yield shares like HLG and HGH that can grow dividends over time. Watch a companies track record with dividends. Do they have an unblemished track record over the last 5 years with their dividend payments ?
Hope some of the above helps and other weigh in with some more tips for you.