When it comes to retirement, one of the most common questions Australians ask is:
"How much super will I actually need?"
The answer depends on your lifestyle goals, expected living expenses, and how long you plan to enjoy retirement (hint: it’s probably longer than you think!). In this article, we break down the numbers and explain how to work out what you might need — plus how financial planning can help you get there.
A "modest" lifestyle in retirement (basic needs met) requires:
$31,867/year for singles
$45,946/year for couples
A "comfortable" lifestyle (with extras like occasional holidays, dining out, and private health) requires:
$50,207/year for singles
$70,806/year for couples
These figures assume retirees own their home outright and are healthy.
đź’° So How Much Super Will You Need?
Here’s a rough estimate of super balances needed at retirement (age 67) to achieve a comfortable lifestyle:
🔎 Note: If your super is below these numbers, it doesn’t mean you’re behind. Many Australians supplement income with the Age Pension , and smart planning can bridge the gap .
⏳ Why Planning Ahead Matters
The earlier you start planning, the more options you’ll have. For example:
âś… Making extra contributions (even small ones) can make a big difference
âś… Choosing the right investment strategy for your age and risk profile can boost returns
âś… Avoiding unnecessary fees and reviewing your fund regularly can preserve your balance
âś… A qualified adviser can help optimise your retirement income, tax, and Centrelink entitlements
Consider making salary sacrifice or personal contributions
Book a chat with one of our advisers for a personalised retirement strategy
đź‘‹ Final Thought
You don’t need to guess or stress about your retirement. A little planning today can lead to a lot more peace of mind tomorrow. Whether you’re 35 or 60, it’s never too early — or too late — to take control of your super.
