How much will I need?

The ASFA Retirement Standard provides benchmarks for different standards of living that can help you develop your future budget.

If you’re looking to lead a “Comfortable Retirement” that involves a broad range of leisure and recreational activities, private health insurance, a reasonable car, good clothes, a range of electronic equipment, domestic and occasional overseas holidays, ASFA estimates an annual budget for homeowners of $51,278 for singles and $72,148 for couples (December quarter 2023).

You may need more than this to support the lifestyle you want to lead.

It’s easy to see if your super is heading towards a “comfortable retirement”. Just enter your age and current super balance in our quick ready reckoner to see if you’re on track.

There are steps you can put in place now to get you back on track. The ready reckoner has plenty of tips to help you.

Find out how much you are expected to have when you retire by using our planning tool or book an appointment to see us. We can help you estimate how much you might need and help you start reaching your financial goals for retirement.

If you’re considering retiring, you may be able to retire early. Whether you can access your super and what tax you’ll have to pay will depend on your age and situation. You can read more about all the conditions you might need to think about here.