How much super do I need for a comfortable retirement?

According to the ASFA Retirement Standard (2025-26), a single person needs around $690,000 in super at retirement for a comfortable lifestyle, while a couple needs around $690,000 (shared). A comfortable retirement means being able to afford a good standard of living, including domestic travel, leisure activities, and private health insurance. A modest retirement (covering basic needs) requires about $100,000 for a single person or couple. These figures assume you own your home outright at retirement.

At what age can I access my super?

Your preservation age depends on when you were born. For anyone born after 30 June 1964, the preservation age is 60. Once you reach preservation age and retire (or turn 65 regardless of work status), you can access your super. You can also access super earlier under limited circumstances, such as severe financial hardship, terminal illness, or permanent incapacity. The Age Pension eligibility age is currently 67.

How much super should I have at 30, 40, and 50?

As a rough guide based on the ASFA Retirement Standard, aim for: age 30 — around $60,000-$80,000; age 40 — around $150,000-$200,000; age 50 — around $350,000-$450,000. These benchmarks assume you've been working full-time since your early 20s with employer SG contributions. If you're behind, don't panic — increasing voluntary contributions, even by a small amount each month, can significantly boost your retirement balance thanks to compound returns over time.

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Last verified: 1 July 2025

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General information and estimates only — not financial, tax, or legal advice. Always verify with Services Australia.

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