how much will I need?

How much money you'll need in retirement depends on the lifestyle you want. The Government Age Pension for 2019/20 pays $24,500 a year for singles*. Sound like enough? Most of us feel we need more than that to live. That's where super comes in.

Nobody can predict the future, but you can prepare for it.

One study estimates that a single person needs around $44,000 a year to live comfortably in retirement. And for a couple, it's around $60,000 a year.^ You can see there's a gap between what you'll get from the Age Pension and living comfortably.

This is where your super savings fit in, as it can act as a supplement to the Pension.

Our calculators can help you work out what sort of income you'd like, and how much you'd need to save to get there.

Budget calculator

This calculator can help you find out where your money is going, so you can identify how you might start saving more for the future. Calculate my budget now.

Super projection calculator

How much super could you have? Use this calculator to estimate your super balance at retirement. Calculate my future super balance now.

Know you need more?

Every dollar you save could make a big difference over time. And there are different ways you can boost your super, depending on what suits you.

Learn more

* Figure includes the pension and Clean Energy Supplements. Department of Human Services, April 2020.

^ ASFA Retirement Standard, December 2019.