Welcome to our special newsletter on how much super you need to retire. Click the links below to learn how much super you need to retire on a particular income amount per year.
- Retiring on $50,000 a year (or $70,000 for a couple)
- Retiring on $60,000 a year (or $84,000 for a couple)
- Retiring on $80,000 a year (or $112,000 for a couple)
- Retiring on $100,000 a year (or $140,000 for a couple)
We also cover how much income you can generate from a particular super balance.
- Is $500,000 in super enough to retire on?
- Is $700,000 in super enough to retire on?
- Is $1 million in super enough to retire on?
- Is $2 million in super enough to retire on?
Please note that we have now retired our Income from super reckoner and our Super to income reckoner. These reckoners were based on the Moneysmart Retirement planner calculator but the usefulness of these calculations has now been surpassed by more modern calculators – notably those developed by TelstraSuper and Mercer. Learn more about what sets apart this new breed of retirement calculators.
Rather than using our reckoners we now encourage readers to instead use these powerful free calculators so you can establish much more precise and personalised results. We have developed detailed videos guides on how to get the most from these calculators.
- How to use the TelstraSuper Retirement Lifestyle Planner
- How to use the Mercer Retirement Income Simulator
2024 year-end superannuation tips and traps
Thursday 23 May 2024 at 11:00 am AEST
Year-end strategies and procedures to get the best outcomes from your superannuation before the end of the 2023-24 financial year.
One of the biggest risks facing Australian retirees is the chance of running out of savings too early. Products that provide income for life can address this, but traditional offerings have proved unpopular. It could be time to consider if an investment-linked annuity will form part of your retirement plan.
Important: All information on SuperGuide is general in nature only and does not take into account your personal objectives, financial situation or needs. You should consider whether any information on SuperGuide is appropriate to you before acting on it. If SuperGuide refers to a financial product you should obtain the relevant product disclosure statement (PDS) or seek personal financial advice before making any investment decisions.
Superguide Pty Ltd ATF Superguide Unit Trust as a Corporate Authorised Representative (CAR) is a Corporate Authorised Representative of Independent Financial Advisers Australia, AFSL 464629.
