The simplest goal: how much do you need?
The good news is that you probably have some savings in your KiwiSaver account, so you’re not starting from the bottom of your mountain. The best preparation is to work out exactly how much you need, and by when.
For example, if you and your partner are both saving for your first home, you might have a shared goal: “We’re going to save $75,000 between us over the next two years.” Or you might decide “I want to retire at 65 with $950,000”.
Your KiwiSaver balance will generally grow much faster than your contributions - boosted by way of your KiwiSaver triple jetpack: your employer/Government contributions (if eligible), and the returns on your investments, over time. All of them speed up your savings progress.
So, how do you work out your simple number?