![\"superannuation](\"https:\/\/www.europesays.com\/ie\/wp-content\/uploads\/2026\/03\/d7c1bcb0-1dcf-11f1-bff7-96aca9ec8d33.png\")
While young Aussies are on track to retire comfortably, older Aussies are facing a superannuation retirement gap. (Source: AAP) <\/p>\n While young Aussies are on track to retire comfortably, older Aussies are facing a superannuation retirement gap. (Source: AAP) <\/p>\n
The superannuation balance<\/a> you need right now to be on track to achieve a comfortable retirement<\/a> has been revealed. The amount that Aussies need in their nest eggs has hit an all-time high, leaving some older workers facing a significant shortfall<\/a>.<\/p>\n The Association of Superannuation Funds of Australia now estimates a single person needs a lump sum of $630,000<\/a> by age 67 to retire comfortably, while couples would need $730,000. That means a 40-year-old would need $117,700 today to reach that target if they are earning $90,000 a year, while a 50-year-old would need $262,200.<\/p>\n ASFA chief policy and advocacy officer James Koval told Yahoo Finance it was important to remember that retirement was personal and every retirement would look different financially.<\/p>\n RELATED<\/strong><\/p>\n “Benchmarks like these are a guide, not gospel,” Koval said.<\/p>\n “Super is one part of financial security in retirement, alongside the Age Pension, savings outside super, and even homeownership.”<\/p>\n ASFA’s lump sum benchmarks are based on someone who owns their own home and receives a part Age Pension from the government.<\/p>\n Age<\/strong><\/p>\n<\/td>\n Earning $65,000 wage<\/strong><\/p>\n<\/td>\n Earning $90,000 wage<\/strong><\/p>\n<\/td>\n<\/tr>\n 30<\/p>\n<\/td>\n $70,500<\/p>\n<\/td>\n $9,900<\/p>\n<\/td>\n<\/tr>\n 35<\/p>\n<\/td>\n $118,000<\/p>\n<\/td>\n $59,900<\/p>\n<\/td>\n<\/tr>\n 40<\/p>\n<\/td>\n $178,000<\/p>\n<\/td>\n $117,700<\/p>\n<\/td>\n<\/tr>\n 45<\/p>\n<\/td>\n $239,000<\/p>\n<\/td>\n $184,700<\/p>\n<\/td>\n<\/tr>\n 50<\/p>\n<\/td>\n $313,500<\/p>\n<\/td>\n $262,200<\/p>\n<\/td>\n<\/tr>\n 55<\/p>\n<\/td>\n $399,000<\/p>\n<\/td>\n $352,100<\/p>\n<\/td>\n<\/tr>\n 60<\/p>\n<\/td>\n $496,500<\/p>\n<\/td>\n $456,100<\/p>\n<\/td>\n<\/tr>\n 65<\/p>\n<\/td>\n $604,500<\/p>\n<\/td>\n $576,600<\/p>\n<\/td>\n<\/tr>\n There is a noticeable gap between how much Aussies need in their superannuation and how much they actually have<\/a>.<\/p>\n The latest ATO data showed the median balance for an Aussie in the 40 to 44 age group was $93,351, while for those in the 50 to 54 age group it was $147,857.<\/p>\n The gap was even wider for older Aussies approaching retirement, with those in the 60 to 64 age group having a median balance of $189,618. That\u2019s compared to the $456,100 needed at age 60 to retire comfortably.<\/p>\n There are steps you can take if your super isn’t where you’d like it to be.<\/p>\n “For some who are early in their working lives, small additional contributions made now can make a significant difference over time, thanks to the compounding effect of super’s low-tax environment,” Koval told Yahoo Finance.<\/p>\n “Others might find it really helpful to call their fund for some guidance, or discuss their concerns with a financial adviser.”<\/p>\n The good news is super balances<\/a> are on track to increase, with younger Aussies set to see the most benefits.<\/p>\n Aussies have bigger balances than ever before, thanks to the super guarantee steadily rising to the current 12 per cent<\/a>.<\/p>\n ASFA\u2019s modelling found a 30-year-old worker with $30,000 in super today, earning the median full-time wage of $90,000 throughout their career, was projected to retire at 67 with $689,500.<\/p>\n If they were earning the average full-time wage of $110,000, they would be on track to retire<\/a> with an even bigger balance of $826,000.<\/p>\n Get the latest Yahoo Finance news – follow us on <\/strong>Facebook<\/strong><\/a>, <\/strong>LinkedIn<\/strong><\/a> and <\/strong>Instagram<\/strong><\/a>.<\/strong><\/p>\n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n