How do I know if my super is on track?

You can look at the average super balance for your age group in the table in our How much super should I have? guide, to get an idea of how you compare to your peers. Keep in mind that these are just average balances, so your balance doesn't need to match this exactly.

How long will my super last?

Estimating how long your super will last is a complex calculation. Your super fund should have a calculator that lets you try different projections. How long your super lasts depends mainly on how much you'll spend each year in retirement (which can be very tough to estimate) and how long you'll live for (even harder to estimate!). It depends on your health, whether you own a home or rent, the lifestyle you wish to live and also how you invest your super. It also depends on whether you draw on your super gradually over time (keeping most of the balance invested) or withdraw a lump sum.

How do I calculate my super guarantee?

Calculating your super guarantee is simple. Take your gross salary (before tax) and multiply it by the super guarantee rate of 12%. For example, if you earn $80,000 per year, your super guarantee for the year works out to $9,600.

What fees are charged on superannuation?

These are a dozen or so potential fees that can be charged by your super fund, however, many of them have fallen by the wayside over the years. The most common include administration fees, investment fees and brokerage fees. There may also be additional costs including insurance premiums and transaction costs when you buy, sell or switch investments.

How much money do most people retire with in Australia?

According to the latest retirement standard by ASFA you need a balance of $630,000 (or $730,000 for couples) to have a comfortable retirement. However, this is just one estimate and there are other estimates that suggest you don't need quite so much.

How does payday super affect my balance?

Payday super came into effect in July 2026. Employers must now pay your super guarantee along with your salary on pay day rather than once every three months. Getting super paid earlier means the money gets invested earlier. It could mean thousands of dollars more by the time you retire, especially if you're younger.

How can I grow my super?

Make sure you're in a low-fee, high-performing fund Consolidate funds so you only have one in your name Consider making additional super contributions Consider investing in a high growth option