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How much super should I have in retirement?

The Association of Super Funds Australia’s (ASFA’s) retirement standard was amended in June this year.

Budgets for various households and living standards for those aged around 65

(June quarter 2016, national)

 Modest lifestyle Comfortable lifestyle
SingleCoupleSingleCouple
Total per year$23,767$34,216$43,062$59,160

Budgets for various households and living standards for those aged around 85

(June quarter 2016, national)

 Modest lifestyle Comfortable lifestyle
SingleCoupleSingleCouple
Total per year$23,332$34,598$38,822$54,460

The figures in each case assume that the retiree(s) own their own home and relate to expenditure by the household. This can be greater than household income after income tax where there is a drawdown on capital over the period of retirement. Single calculations are based on female figures.

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