How Much Super Do I Need to Retire?
Find your super retirement target based on ASFA standards, then project how your current balance will grow.
ASFA Retirement Standards (Australia)
| Household | Super Balance | Annual Income |
|---|---|---|
| Single — Comfortable | $595,000 | $52,383 |
| Couple — Comfortable | $690,000 | $73,875 |
| Single — Modest | $100,000 | $33,134 |
| Couple — Modest | $100,000 | $47,731 |
Projected Balance at Retirement
$922,604
After 30 years at 7% p.a. return
Growth Projections
| Year | Balance |
|---|---|
| Year 5 | $112,706 |
| Year 10 | $196,424 |
| Year 15 | $308,193 |
| Year 20 | $457,413 |
| Year 25 | $656,632 |
| Year 30 | $922,604 |
Estimates only. Assumes 15% contributions tax and flat salary. Super investment returns vary. Past returns don't guarantee future performance.
Frequently Asked Questions
How much super do I need to retire?
ASFA's Comfortable Retirement Standard suggests $595,000 for singles and $690,000 for couples who own their home. For a 'modest' lifestyle (still better than the Age Pension alone), as little as $100,000 may suffice when combined with the Age Pension.
Will I still get the Age Pension if I have super?
Possibly. The Age Pension is income- and assets-tested. Higher super balances reduce or eliminate eligibility, but many retirees receive a part pension to supplement super.
How much should I have in super at each age?
Rough benchmarks: at 35, around 1× annual salary; at 45, 3× annual salary; at 55, 5× annual salary; at retirement (67), 8–10× annual salary.