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how much super do I need?


How much super do I need to retire?

Depending where you’re at in life, you might be wondering, how much super do I need? Whether retirement is front of mind or out of mind, the choices you make now about super could affect future-you.

The earlier you start thinking about super, the better. Because what goes into your super now, could grow in value (thanks compound interest!) giving you more money to live on. So when it comes time to stop working, you’ll hopefully have enough cash for whatever you dream of doing in your twilight years.

How much superannuation do I need?

Everyone has a different opinion on how much super is enough to comfortably retire. As with everything when it comes to your finances, it all depends on your person circumstances - whether you own a home, have a partner, your ideal retirement age and the life you want to live. As a ballpark figure, MoneySmart suggests that homeowners without a mortgage need around 67% of their pre-retirement income to maintain their current lifestyle.

But what about the dollar amount per year? The Association of Superannuation Funds of Australia suggests these amounts will cover a comfortable, modest and restricted lifestyle in Australia.


Comfortable lifestyle

Modest lifestyle

Age pension


$44,146 a year

$28,165 a year

$22,195 a year


$62,269 a year

$40,560 a year

$33,460 a year


How much super should I have at my age?

The table below could help you gauge whether you’re on track, or whether it’s time to look at boosting your superannuation retirement funds. And don’t worry, there’s plenty of ways to do it! Keep reading…



Average super balance (for males, for women it’s slightly less)*

How much super should I have at 30?



How much super should I have at 40?



How much super should I have at 50?



How much super should I have at 60?




*On average, women earn less than men because of the gender pay gap. This is why their average super balance is slightly smaller.

Source: Canstar

How’s my super tracking?

You should be able to check your super balance by logging into your online account. And if you’ve had heaps of different jobs and super funds, it might be a good idea to consolidate the balances into one fund. This could help you avoid doubling up on account fees and save you money long-term.

MoneySmart’s super calculator helps forecast the amount you’ll have saved at any age based on your current salary and super amount. Don’t love what you see? It’s ok - there’s ways you could supercharge your savings.

Ways to boost your super

If your workplace offers salary sacrificing, you could contribute an extra percentage of your before-tax income to boost your super. You could also make your own contributions at any time, however this is subject to contribution caps.

But if all of this is news to you, don’t be alarmed because you’re not alone. One in four Aussies don’t know how much super they have saved, so by reading this article and doing some research, you’re already a step ahead.

For more tips on how you could grow your retirement funds, click here.


The information and figures in this article are accurate at the time of publication however are subject to change.

The information contained in this article is of a general nature only. It doesn’t take account of any person’s objectives, financial situation or needs. Before acting on this information, you should consider whether it is appropriate for your circumstances and seek independent legal, financial, and taxation advice.