Will Your Super be Enough for Retirement?

Posted on Jun 3, 2013 | 0 comments

UntitledRecent research findings by the Association of Superannuation Funds of Australia (ASFA) show that a couple needs a superannuation balance of $510,000 to retire comfortably. A single person needs a balance of $430,000. How are you placed?

Other ASFA findings show that current retirement balances are generally inadequate. On present figures women have on average a superannuation balance of $112,000. Men are significantly better off, on average, with$192,000.

For those just starting a working a life the expectations are better … assuming constant relative prices against incomes. The table below provides indicative figures for those starting out – note that there are two income levels used and two different super contribution percentages.

Annual Income

Balance at Retirement with 9% contribution

Balance at Retirement with 12% contribution







Speak to us if you would like strategies on how to increase your super retirement balance.

Leave a Reply

Your email address will not be published. Required fields are marked *

You may use these HTML tags and attributes: <a href="" title=""> <abbr title=""> <acronym title=""> <b> <blockquote cite=""> <cite> <code> <del datetime=""> <em> <i> <q cite=""> <strike> <strong>