Not long ago, a client told us how surprised she was by how differently retirement felt once it started. ‘I thought the spending would just settle into a pattern,’ she said. ‘But the first few years were full of adventures — and now I’m happy just being home more.’ Her story is a reminder that retirement isn’t one long chapter; it unfolds in phases, each with its own rhythm.
Phase 1: The Active Years
These are your go years — your 750 Mondays of energy and possibility. Travel, hobbies, family time, and long lunches often take centre stage. Spending is usually at its highest, and that’s exactly how it should be. This is the time to create memories and enjoy the freedom you’ve worked hard for.
Phase 2: The Slowing Years
As your 70s arrive, life naturally steadies. You might take fewer trips, spend more time at home, and find comfort in familiar routines. Spending shifts from experiences to lifestyle maintenance — smaller costs, but still meaningful ones.
Phase 3: The Reflective Years
Later in life, priorities narrow to what truly matters. Health, security, and connection take focus. Expenses often centre around care, home help, and day-to-day living, supported by the structure built earlier in retirement.
Why It Matters
Recognising these phases helps you plan with purpose. You don’t need to spend evenly each year — you can front-load the experiences that mean most while you’re healthy and confident, knowing your plan adjusts as life evolves.
Final Thought
Retirement spending isn’t a straight line — it’s a reflection of life itself. When you understand the phases, you give yourself permission to enjoy the active years fully, slow down when it feels right, and feel secure in every stage.
At Harvest Wealth, we give you the confidence to enjoy your freedom without second-guessing your plan.