The ASFA standard says $595,000. But your real number depends on your city, lifestyle, and pension eligibility.
Quick answer: ASFA Retirement Standard (June 2025) for retirement at age 67: comfortable lifestyle ~$595,000 single / ~$690,000 couple to fund $52,085 / $73,337 annual spend (combined with the Age Pension). Modest lifestyle threshold: ~$100,000 single / ~$100,000 couple, funding $33,134 / $47,731. Concessional contributions cap is $30,000/year (FY 2024-25 onward); non-concessional cap $120,000. Super preservation age is 60 for those born after July 1964; tax-free withdrawal applies after age 60.
Your Retirement Target
$1,375,000
$55,000/yr × 4% rule
Projected at 60
$18,066,155
At 7.5% return + 12% SG
Surplus
+$16,691,155
| City | Comfortable/yr | Modest/yr | Super Needed |
|---|---|---|---|
| Sydney | $58,000 | $32,000 | $1,450,000 |
| Melbourne | $52,000 | $29,000 | $1,300,000 |
| Brisbane | $48,000 | $27,000 | $1,200,000 |
| Perth | $50,000 | $28,000 | $1,250,000 |
| Adelaide | $44,000 | $25,000 | $1,100,000 |
| Hobart | $45,000 | $26,000 | $1,125,000 |
| Regional Avg | $42,000 | $24,000 | $1,050,000 |
Sources: ASFA, ABS. Click a city to update the calculator. Super needed assumes 4% withdrawal rate.
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Download Richify — Free for AustraliansASFA recommends $595,000 (single) or $690,000 (couple) for a comfortable retirement in 2026. But your actual number depends on your city, desired lifestyle, and Age Pension eligibility. Someone retiring in Sydney needs significantly more than someone in regional Queensland.
ASFA defines a comfortable retirement as requiring ~$51,000/year for singles and ~$72,000/year for couples. This covers essentials plus regular recreational activities, a good car, private health insurance, and occasional overseas travel.
Most Australians can access super from age 60 if they've met a condition of release (e.g., retirement, ceasing employment). From age 65, super is accessible regardless of employment status. If you retire before 60, you need non-super savings to bridge the gap.
Yes — you can toggle Age Pension eligibility. If eligible, the calculator reduces the required super balance accordingly. Full Age Pension in 2026 is ~$28,514/year (single) or ~$42,988/year (couple), subject to assets and income tests.