How much super you'll need

It’s hard to know how much super you’ll need and how long you might need it for - but we’re here to help.

If you want to keep enjoying your current lifestyle when you retire, our experience tells us that you’ll need to save enough to provide you with at least 70% of your current annual income. Whether you’re single or part of a couple, you might be interested in some of the research around the amount of retirement savings you might need to enjoy different standards of living.

The cost of a moderate or comfortable retirement

The Association of Superannuation Funds of Australia (ASFA) reports regularly on the annual cost for singles and couples to achieve either:

  • A ‘modest’ retirement - which is better than relying on the Commonwealth Government’s Age Pension alone, but only allows for fairly basic activities
  • A ‘comfortable’ retirement - which represents a good standard of living with enough to spend on a range of leisure activities and household goods, private health insurance, a reasonable car, good clothes, a range of electronic equipment and some travel

Based on ASFA research1, here are the estimated budgets for various households and living standards for people aged around 65.

Retirement living standard
Living standard Single annual cost Couple annual cost







As you get older, the budgets change.

Find out more about the cost of living in retirement

Find out if you’ll have enough retirement savings

By using the information above as a guide, you can get an idea of whether your current savings will be enough, or whether you need to take action to grow your retirement savings.

Try our Retirement planning calculator for an estimate of how much you'll have when you retire, and how long it will last. You can adjust a range of variables, such as extra contributions, and see what the difference will be by the time you retire.

Try the calculator

1 The Association of Superannuation Funds of Australia (ASFA), Retirement Standard, aged around 65, June quarter 2021.

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Page last updated 20 November 2020