Senior Citizens

How much do you need to retire comfortably in Australia?

Not sure how much superannuation you'll need? These charts show how much you'll have to save based on your age and income.

This data, sourced from the Commonwealth Bank, shows how much money you'd need to have put aside as of 30 June 2014 in order to ensure a "comfortable" retirement. That's defined by the Australian Superannuation Funds of Australia (ASFA) as $58,444 per annum for couples, and $42,569 for singles. has also produced data on how much you'll need to retire comfortably in Australia's capital cities.

The figures for women are much higher than for men because women live longer. The tables assume that your salary is unchanged, which is why the figures for people on low salaries in their 20s are so high.

How much savings men needed as of 30 June 2014 to retire comfortably

SalaryAge 25-29Age 30-34Age 35-39Age 40-44Age 45-49Age 50-54Age 55-59Age 60-64
Under $44,400$135,000$170,000$220,000$250,000$295,000$330,000$385,000$415,000

How much savings women need as of 30 June 2014 to retire comfortably

SalaryAge 25-29Age 30-34Age 35-39Age 40-44Age 45-49Age 50-54Age 55-59Age 60-64
Under $44,400$160,000$215,000$250,000$305,000$355,000$395,000$455,000$490,000

Achieving a comfortable retirement requires planning and dedication. If you find the whole topic confusing, check out our comprehensive guide to superannuation.Picture: Ethan Prater, licensed under Creative Commons Attribution-NonCommercial-ShareAlike 2.0 Generic (image cropped)

Angus Kidman

Angus is the editor-in-chief at Finder and our resident frequent flyer and points guru. He's been writing about technology, finance, travel and other topics for almost 25 years, and appears regularly on TV and radio helping explain how it all works. His previous jobs include editor for Lifehacker Australia and editor-in-chief for Australian Personal Computer, and he's written for dozens of sites including the Sydney Morning Herald, Gizmodo, ZDNet, the Australian, the AFR, Kotaku, The Amstrad User and Cabling Installation & Maintenance.

Was this content helpful to you? No  Yes

Related Posts

Get more from finder

Savings Account Offers

Important Information*
ING Savings Maximiser

Maximum Variable Rate


Standard Variable Rate

RaboDirect High Interest Savings Account

Maximum Variable Rate


Standard Variable Rate

AMP Saver Account

Maximum Variable Rate


Standard Variable Rate

Bankwest Hero Saver

Maximum Variable Rate


Standard Variable Rate


Ask an Expert

You are about to post a question on

  • Do not enter personal information (eg. surname, phone number, bank details) as your question will be made public
  • is a financial comparison and information service, not a bank or product provider
  • We cannot provide you with personal advice or recommendations
  • Your answer might already be waiting – check previous questions below to see if yours has already been asked

Finder only provides general advice and factual information, so consider your own circumstances, or seek advice before you decide to act on our content. By submitting a question, you're accepting our Privacy & Cookies Policy and Terms of Use, Disclaimer & Privacy Policy.

2 Responses

  1. Default Gravatar
    TomSeptember 2, 2015

    Still working at 80; how much do I need to have enough to retire comfortably?

    • finder Customer Care
      ElizabethSeptember 8, 2015Staff

      Hi Tom,

      Thanks for your question.

      Unfortunately our data only goes up to age 64, as men and women start being eligible for the age pension at age 65. The amount you’ll need will depend on your lifestyle, your salary and your current savings. As you can see from the table, you generally need less saved the older you are and the higher your salary is.

      I hope the information on the page above will be of use.



Ask a question
Go to site