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How much do you need for a comfortable retirement? Posted on July 9, 2020

The measure of a comfy retirement

Retirees aren’t the only ones to benefit from knowing this. It is also extremely helpful for anyone of working age to be aware of these figures and build up investments to reach them.

The Association of Superannuation Funds of Australia has helpfully created a guide and annual budget for a modest versus comfortable lifestyle.

The budgets below assume retirees own their own home outright and a relatively healthy.


Budgets for various households and living standards for those aged around 65 (March quarter 2020, national)

Modest lifestyleComfortable Lifestyle
SingleCouple SingleCouple
Total per year$28,220$40,719$44,183$62,435



Budgets for various households and living standards for those aged around 85 (March quarter 2020, national)


Modest lifestyleComfortable Lifestyle
SingleCouple SingleCouple
Total per year$26,769$38,285$42,158$58,491


Further resources, such as a details budget breakdown are available on the AFSA website: https://www.superannuation.asn.au/resources/retirement-standard

By comparison, the aged pension for a single person is $24,551.80 and for a couple is $37,013.60 per year.

Decades of hard work deserve to be rewarded with comfort and security. With proper planning, it is absolutely possible.

If you’d like to test your investment and retirement structures to see if they will deliver as intended, it can be beneficial to speak with an authorised Financial Planner. Christine Hallowes is an authorised representative of Count and a member of the Financial Planning Association of Australia.

Source: Association of Superannuation Funds of Australia. (2020). Retrieved from: https://www.superannuation.asn.au/resources/retirement-standard

AdviceCo. is an Authorised Representative of Count Financial Ltd ABN 19 001 974 625 AFSL No. 227232 which is 85% owned by CountPlus Limited ABN 111 26 990 832 (CountPlus) of Level 8, 1 Chifley Square, Sydney 2000 NSW and 15% owned by Count Member Firm Pty Ltd ACN 633 983 490 of Level 8, 1 Chifley Square, Sydney 2000 NSW. CountPlus is listed on the Australian Stock Exchange. Count Member Firm Pty Ltd is owned by Count Member Firm DT Pty Ltd ACN 633 956 073 which holds the assets under a discretionary trust for certain beneficiaries including potentially some corporate authorised representatives of Count Financial Ltd. The information on this web page is not advice and is intended to provide general information only. It does not take into account your individual needs, objectives or personal circumstances.

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