If KiwiSaver downed an energy drink, here's how much higher it could jump: $462,000.
That's how much difference it could make to someone over their KiwiSaver experience if they adjust their settings to get the most out of it. Specifically, three power-ups.
$462,000! That's one heck of a lot of money. (And yes, it's been adjusted for inflation.) The reason why it's so surprising is that we all tend to undervalue how much time is on our side, and how much we can grow financially in the years to come.
Take someone who has an average salary of $60,000 over their entire career of 47 years, from age 18 to 65. Leaving it as is, rolling sleepily along, they'd end up with close to $215,000 in their KiwiSaver. They'd put in $58,000, their employer $47,000, government $10,000, and they'd earn close to $100,000 from that money being invested by their fund manager.
But let's see how much better those results could be.