How much super is enough?
How much super is enough to set you up for retirement? It depends on what kind of retirement you want.
The Association of Superannuation Funds of Australia (ASFA) suggests that in order to have a ‘comfortable’ retirement – one in which you can afford an annual holiday, regular meals out, regular hair cuts and improvements to your home – single people will need $545,000 in retirement savings. Couples will need $640,000.
You may have different aspirations for your retirement. To find out if you are on track to support your desired retirement lifestyle, you can use the ASFA Retirement Tracker.
You may use this tool and decide that you are on the right track or you may need to grow your super more than projected. For more information, visit How super works and Grow my super.
Advice you can trust
At First Super, we have a team of Financial Planners^ who can help boost your super savings and plan for tomorrow. Contact us to make an appointment today.
We’re here to help. So let’s talk.
If you have any questions, please call our Member Services Team on 1300 360 988, or email us.
The information shown on this website is general in nature and has been prepared without taking into account your objectives, financial situation or needs. Before investing in any product you should read the relevant Product Disclosure Statement (PDS) and consider the appropriateness of the product for your objectives, financial situation or needs.
^Financial Advice will be provided by Industry Fund Services Ltd (IFS) (ABN 54 007 016 195, AFSL 232514), or an IFS Authorised Representative.
