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 $51,814 for singles and $73,031 for couples (September quarter 2024).
You may need more than this to support the lifestyle you want to lead.