A comfortable retirement
How much super you should have for retirement depends on when you want to retire and the kind of lifestyle you want.
A comfortable retirement lets you enjoy a good standard of living. The Association of Superannuation Funds of Australia (ASFA) says this should cover things like:
- Private health insurance
- Occasional local holidays
- Activities like going to the movies or attending sports games
- Occasional home repairs
- Personal spending like haircuts and modest wardrobe updates.
How your super compares against your age group
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See average balance by age
See how your super measures up against your age group
Age Men ($) Women ($) <20 $4,700 $4,600 20 - 24 $17,100 $15,600 25 - 29 $44,000 $36,700 30 - 34 $82,800 $58,900 35 - 39 $130,000 $86,900 40 - 44 $177,700 $117,900 45 - 49 $233,300 $153,200 50 - 54 $281,200 $188,400 55 - 59 $341,400 $231,200 60 - 64 $401,600 $300,300 Source: Deloitte Average Balances to 30 June 2024, rounded to the nearest $100. People with zero superannuation are not included in average data.
Boosting your super by making extra contributions
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No one-size-fits-all when it comes to your super
Calculate your future superannuation
It’s important to think about your financial future so you can plan for it. Use our Super projection calculator to estimate how much you could retire with.
See how much super you could save for retirement
See how much super you could save for retirement
Consider consolidating and take control of your super
You can easily track down any additional super accounts you might have and consider combining3 them into your AustralianSuper account, potentially reducing the fees you pay.
Find out how to combine your super
Find out how to combine your super
Work out how much you need to retire
The first step to working out how much money you’ll need is deciding what kind of lifestyle you want and how long you think you’ll spend in retirement.
Learn how much you might need for a comfortable retirement
Learn how much you might need for a comfortable retirement
Close the gender super gap
Australian women generally retire with a lower super balance than men4 for many reasons. There are ways to help grow your balance and close the gender super gap.
Read our tips to take control of your super
Read our tips to take control of your super
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Important information to consider
- Before adding to your super, consider your financial circumstances, eligibility, contribution caps that may apply, tax issues and when your super can be accessed. We recommend you consider seeking financial advice.
- Salary sacrifice may affect some Government benefits and employee benefits. We recommend you consider seeking financial advice before deciding if a salary sacrifice arrangement is right for you.
- Before making a decision to combine your super, consider any fees or charges that may apply, and the effect a transfer may have on benefits in your other fund such as insurance cover. We recommend you consider seeking financial advice. If you wish to claim a tax deduction for personal super contributions, you must lodge a notice of intent to claim a tax deduction with your other fund before you combine your super.
- Ages 60-64. Deloitte Average Balances to 30 June 2024, rounded to the nearest $100. People with zero superannuation are not included in average data.