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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, top level health insurance and improvements to your home – single people will need $1,931 per fortnight  and couples $2,723 per fortnight.

Alternatively, a ‘Modest’ lifestyle maybe more suited to your retirement plans, if so, your income needs will differ (see table below*):

Comfortable lifestyle (p.a.) Modest lifestyle (p.a.)
Couple Single Couple Single
$70,806 $50,207 $45,946 $31,867


Is your super on track?

The ASFA figures are just a guide.

To find out if you are on track to support your desired retirement lifestyle, you can either use:

  • the ASFA Retirement Tracker, or
  • If you are concerned or unsure how much super you need, request a Super Health Check.

Super Health Check

A Super Health Check is a short meeting with one of our Financial Planners.^ They will discuss with you your retirement goals and provide projections on:

  • How much you could have in super by the time you retire.
  • How long your super and other sources of income are likely to fund your retirement lifestyle.
  • Provide an overview on eligibility for the Age Pension; and
  • Explain different ways you can boost your super before and after you retire.

This service is only for First Super members. As a member there is no extra cost as this service included your fund membership fees. You can access this service again in the future.

Need to grow your super? 

There are simple ways to grow your super by making additional voluntary contributions. Adding a little extra to your super each month can help boost your super.

Use the Super contributions calculator to find out how much extra super you could have from voluntary contributions. It will also show you if you’re eligible for the government super co-contributions.

Am I eligible for the government Age Pension? 

You may be eligible for full or partial government Age Pension payments. There are rules around who can assess the Age Pension and there is an Asset and Income test.

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.


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.

*ASFA Comfortable and Modest figures as at June 2023 for people aged 65-84.

^First Super financial planners are authorised representatives of Industry Fund Services Limited (ABN 54 007 016 195, AFSL 232514).