Super Snapshot

The ATO publishes median super balances by age. For example, Australians aged 30-34 have a median of around $55,000. However, ASFA recommends you'll need roughly $690,000 at retirement (age 67) for a couple to live comfortably. Use the calculator above to see where you stand.

The Association of Superannuation Funds of Australia (ASFA) estimates that a couple needs about $72,315 per year (or ~$690,000 lump sum at age 67) for a 'comfortable' retirement. A single person needs about $51,630 per year (~$595,000). This covers a good standard of living including leisure and occasional travel.

From 1 July 2025, the Super Guarantee (SG) rate is 12% of your ordinary time earnings. This increased from 11.5% in the 2024-25 financial year.

Yes! You can make concessional (before-tax) contributions up to $30,000 per year total (including employer contributions). You can also make non-concessional (after-tax) contributions up to $120,000 per year. Salary sacrifice is a popular way to boost super while reducing your income tax.

Super funds invest your money in a mix of assets (shares, property, bonds). A balanced fund has historically returned about 7-8% per year over the long term (before inflation). Our calculator uses a 7% nominal return as the default, which you can adjust. Remember, actual returns vary year to year.

At preservation age (currently 60 for most), you can access your super. You can take a lump sum, start an account-based pension (regular payments), or a combination. You'll also receive the Age Pension if you meet income/asset tests. Planning how to draw down your super is crucial for a comfortable retirement.