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Home / Plan your retirement / How much super do I need?

How much super do I need?

Some of the most common questions asked about retirement are ‘When should I retire?’ and ‘How long will my super last?’

The answers will depend on a variety of factors from your retirement lifestyle, your age at retirement and how long you live. We provide a checklist of factors in our key article How much super do I need to retire?

To further help guide your retirement planning, we have also prepared tables showing how much super you need to provide retirement incomes between $40,000 a year and $100,000 a year. We can also show you how much income you could expect to receive with retirement balances between $500,000 and $3.2 million.

You can learn more about the key aspects of how much super you need in the following SuperGuide articles:

How to use the MoneySmart Retirement Planner

January 21, 2021

Super to income Reckoner

February 18, 2020

Income from super Reckoner

February 18, 2020

Is $500,000 in super enough to retire on?

February 11, 2020

Is $750,000 in super enough to retire on?

February 11, 2020

Is $1 million in super enough to retire on?

February 11, 2020

Is $1.6 million in super enough to retire on?

February 11, 2020

Is $2 million in super enough to retire on?

February 11, 2020

Is $3.2 million in super enough for a couple to retire on?

February 11, 2020

How much super do I need to retire on $40,000 a year?

February 11, 2020

How much super do I need to retire on $60,000 a year?

February 11, 2020

How much super do I need to retire on $80,000 a year?

February 11, 2020

How much super do I need to retire on $100,000 a year?

February 11, 2020

How much super do I need to retire?

February 11, 2020

How accurate are ‘retirement estimates’? 7 assumptions you need to understand

November 21, 2019

Falling behind with your super? How your super balance compares

October 2, 2019

Set out below are all SuperGuide articles that relate to How much super do I need?.

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How to use the MoneySmart Retirement Planner

January 21, 2021 by Robert Barnes Leave a Comment

There can be a bit of a learning curve with MoneySmart’s Retirement Planner, and it may appear intimidating at first glance, so we created a short video to help you get an understanding of how the tool works.

Video: How much super someone needs will be unique to them

November 12, 2020 by Tracey Spicer Leave a Comment

Amara Haqqani from Milliman discusses how the estimates we hear about how much super someone needs for retirement are limited because everyone’s needs are unique.

How can you plan your income needs in retirement?

April 1, 2020 by SuperGuide Leave a Comment

How to plan your income in retirement can be one of the most confusing aspects of retirement planning. In this video members of the Profession of Independent Financial Advisers provide some insights into how they approach it.

Super danger: Could you get caught in the ‘retirement trap’?

March 3, 2020 by Janine Mace Leave a Comment

Although building your super account balance is a good idea, the current Age Pension and super system rules can create a black hole for some people – leaving them better off with less money in their super account. Could you be at risk?

Super to income Reckoner

February 18, 2020 by SuperGuide Leave a Comment

SuperGuide’s Super to income Reckoner can help you quickly and simply understand approximately how much retirement income your super savings might be able to generate.

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Income from super Reckoner

February 18, 2020 by SuperGuide Leave a Comment

SuperGuide’s Income from super reckoner can help you quickly and simply understand the approximate super savings you need to fund your desired retirement income.

How much super do I need to retire on $50,000 a year?

February 14, 2020 by Barbara Drury Leave a Comment

If $50,000 a year sounds like your kind of retirement, the next step is to work out how much super you will need to fund it.

4 strategies to help fix your total super balance problem

February 12, 2020 by Janine Mace Leave a Comment

Having a total super balance of $1.6 million can create real problems. If you want to add more to your super account, here’s four strategies to consider.

Is $500,000 in super enough to retire on?

February 11, 2020 by Barbara Drury Leave a Comment

According to the ASFA Retirement Standard, a couple can live a ‘comfortable lifestyle’ with a retirement balance of $640,000 while singles can enjoy the same with $545,000. But these are guidelines only.

Is $750,000 in super enough to retire on?

February 11, 2020 by Barbara Drury 1 Comment

A million dollars is often talked about as the gold standard of retirement savings, but it is a suspiciously round number. Depending on your personal circumstances, you might live well on much less, say $750,000, especially if you are not a big traveller or you intend to continue working well into your 70s.

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Is $1 million in super enough to retire on?

February 11, 2020 by Barbara Drury 2 Comments

A million dollars is often bandied about as the gold standard of retirement savings. It certainly sounds like a lot of money, but is it enough to retire on not just comfortably but in style?

Is $1.6 million in super enough to retire on?

February 11, 2020 by Barbara Drury 2 Comments

Since 1 July 2017 there has been a $1.6 million limit on the amount you can transfer into a super account in pension phase. The question is, is this an arbitrary figure dreamed up by bureaucrats or is it enough for a dream retirement?

Is $2 million in super enough to retire on?

February 11, 2020 by Barbara Drury Leave a Comment

A million dollars is often cited as the gold standard of retirement savings. It certainly sounds like a lot of money, but it may not provide the income you require if you are a couple or if one of you has high healthcare needs.

Is $3.2 million in super enough for a couple to retire on?

February 11, 2020 by Barbara Drury Leave a Comment

How much will $3.2m in super generate in retirement income for a couple across 25, 30 or 25 years?

How much super do I need to retire on $40,000 a year?

February 11, 2020 by Barbara Drury Leave a Comment

If $40,000 a year sounds like your kind of retirement, the next step is to work out how much super you will need to fund it.

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How super works
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Employers guide to super
Super contributions
Super and tax
Accessing super
Super news
Women and super
Super tips and strategies
How-to guides
Super quizzes
Superannuation Q&As
Superannuation glossary
Super funds
Best performing super funds
Super fund rankings
Best performing pension funds
Pension fund rankings
Super fund average returns
Super investing strategies
Comparing super funds
Choosing a super fund
Choosing an investment option
Super fund fees
Insurance and super
Super fund profiles
SMSFs
SMSFs for beginners
SMSF administration
SMSF checklists
SMSF compliance
SMSF investing
SMSF pensions
SMSF strategies
SMSF Q&As
Plan your retirement
Retirement planning for beginners
When should I retire?
How long will I live?
How much super do I need?
Will I get the Age Pension?
How much will I spend in retirement?
Financial advice
Retiring overseas
Preparing for retirement
Retirement planning strategies
Retirement calculators and reckoners
In retirement
Income in retirement
Super lump sums
Super pensions
Age Pension
Working in retirement
Life in retirement
Senior concessions and services
Aged care
Estate planning
Super death benefits
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