According to the Australian Superannuation Fund Association’s Retirement Standard, to enjoy a comfortable retirement, singles need $545,000 in savings at retirement (aged 65) to generate a yearly income of $43,901. Similarly, couples need $640,000 at retirement to generate $62,083 a year. These figures assume retirees own their own homes and don’t need to pay rent or make mortgage payments.
According to the Australian Superannuation Fund Association’s Retirement Standard, to enjoy a comfortable retirement, singles need $545,000 in savings at retirement (aged 65) to generate a yearly income of $43,901. Similarly, couples need $640,000 at retirement to generate $62,083 a year. These figures assume retirees own their own homes and don’t need to pay rent or make mortgage payments.