SuperGuide

Superannuation and retirement planning information

Income in retirement

In Australia there are 3 main pillars of the retirement income system.

  • The Age Pension
  • Compulsory superannuation (through the Superannuation Guarantee)
  • Voluntary savings (whether through additional superannuation contributions, or outside the super system).

Many Australians also consider their home to be their most valuable investment, although it is not straightforward to convert property into a retirement income.

Working out what your retirement income is likely to be (or should be to ensure it lasts long enough) is one of the biggest questions Australians face when planning or preparing for retirement.

Some of the key factors that impact this include:

To work out how much super you need, here’s a checklist of factors you should consider:

  • How long you will spend in retirement
  • Whether you are in a couple or are single
  • Whether you plan to keep working
  • How much you spend
  • Whether you own your home
  • What other assets or income you have
  • Whether you are eligible for the Age Pension
  • How much your super grows in retirement
  • Whether you want to help the kids

Learn about the key aspects of planning your retirement income in the following SuperGuide articles:

Set out below are all SuperGuide articles that relate to Income in retirement.