How much super do I need to retire?

Grow your retirement confidence with CareSuper

More time to travel, to relax and spend on hobbies — it can be exciting preparing for what could be the longest holiday of your life. But deciding how much super you’ll need to suit your retirement lifestyle can be less thrilling. Here’s what to keep in mind when you’re planning for the future.

I want to retire comfortably

Meals out, regular entertainment, fitness classes, a reasonable car, and top-level private health insurance. Add to that an annual domestic trip and an international trip once every seven years. This is what a comfortable retirement can look like says the Association of Superannuation Funds of Australia (ASFA).

If this lifestyle suits you, ASFA recommends that by age 67 couples have saved $690,000 and singles $595,000*.

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I want to retire modestly

A modest retirement is less grand with spending being slightly above the Age Pension. This might look like an older model car, basic health insurance, occasional trips to the cinema or a cheap eat, and an annual short break.

For a modest retirement ASFA recommends that at age 67 both couples and singles have saved $100,000*.

See if your super balance is on track

Using CareSuper’s Retirement Lifestyle calculator is a great way to see if you’re on track for the future. It can provide an estimate of your super balance at retirement and help you understand the actions you could take to achieve the lifestyle you want.

Your retirement dreams are our priority

CareSuper members can access financial advisers who can provide super-specific advice over the phone, at no extra cost.^# We help our members with:

• The best ways to boost your super so you can live your best life after work
• Using tax incentives to their advantage
• Making sure you’re in the right CareSuper investment option, and more.

We can’t wait to hear from you

At CareSuper we only exist to support our members in achieving their retirement dreams. So, if you’re lying awake at night wondering how and if you can afford life after work, get in touch — we can’t wait to hear from you. Give us a call on 1800 005 166 or head to caresuper.com.au for more

*ASFA Retirement Standard, based on the March 2025 quarter, if you own your home (no mortgage) and are relatively healthy.

^#CareSuper Advice is a financial advice service available to CareSuper members through CareSuper Pty Ltd (ABN 78 102 167 877, AFSL No. 284443) which is licensed to provide financial advice services and deal in financial products. CareSuper Advice is wholly owned by CareSuper Pty Ltd ABN 14 008 650 628, AFSL No. 238718 (Trustee) which is the trustee of CareSuper ABN 74 559 365 913 (Fund).

Disclaimer: CareSuper Pty Ltd (Trustee) (ABN 14 008 650 628, AFSL 238718). CareSuper (Fund) (ABN 74 559 365 913). Any advice is provided by CareSuper Advice Pty Ltd (ABN 78 102 167 877, AFSL 284443). Consider the PDS and TMD at caresuper.com.au/pds. A copy of the Financial services guide for CareSuper is available at caresuper.com.au/fsg This is general information only and doesn’t take into account your objectives, financial situation or needs. Before making a decision about CareSuper, you should consider if this information is right for you. You may also wish to consult a licensed financial adviser.