Set out below are all SuperGuide articles that relate to How much super do I need?.
How inflation affects your retirement income forecast
While markets are talking up interest rate rises, retirees should be more worried about the potential impact of rising inflation on their retirement income.
5 strategies to help fix your total super balance problem
Reaching your Total Super Balance limit creates problems if you want to continue building your wealth, but there are some strategies you can consider.
Is $500,000 in super enough to retire on?
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 $400,000 in super enough to retire on?
Using MoneySmart’s Retirement Planner we have calculated how much income $400,000 in super will generate under a range of scenarios.
Is $300,000 in super enough to retire on?
Using MoneySmart’s Retirement Planner we have calculated how much income $300,000 in super will generate under a range of scenarios.
Is $200,000 in super enough to retire on?
What if your retirement balance is close to $200,000? This may sound like a world away from the figures required for a comfortable lifestyle, but it is considerably more than the savings required for ASFA’s ‘modest lifestyle’, which is $70,000 for both a couple and a single person.
Is $100,000 in super enough to retire on?
What if your retirement balance is close to $100,000? This may sound like a world away from the figures required for a comfortable lifestyle, but it is still more than the savings required for ASFA’s ‘modest lifestyle’, which is $70,000 for both a couple and a single person.
Is $750,000 in super enough to retire on?
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.
Is $3.2 million in super enough for a couple to retire on?
How much will $3.2m in super generate in retirement income for a couple across 25, 30 or 25 years?
Is $1.6 million in super enough to retire on?
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 $1 million in super enough to retire on?
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 $2 million in super enough to retire on?
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.
How much super do I need to retire?
The amount of super YOU need to retire will depend on your personal circumstances, financial resources both inside and outside super and your lifestyle. So before you set an arbitrary super target, block out the fearmongers and think about the big picture.
How much super do I need to retire on $100,000 a year?
The widely-reported ASFA Retirement standard suggests couples can enjoy a ‘comfortable lifestyle’ on just over $60,000 a year while singles can do the same on around $43,000. If that sounds less than comfortable to you, perhaps an income of $100,000 a year is closer to the mark.
How much super do I need to retire on $80,000 a year?
So, you’ve done some preliminary sums and think you will need around $80,000 a year to live well in retirement. The ASFA Retirement standard suggests couples can enjoy a ‘comfortable lifestyle’ on around $60,000 a year and singles on about $43,000 a year. By this yardstick, $80,000 a year should support a more than comfortable retirement.
