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Australians will need nearly $600,000 in their superannuation to enjoy a comfortable retirement, new figures show. According to the Association of Superannuation Funds Retirement Standard, the latest analysis shows home-owning singles would need $595,000 to retire at 67 with a “comfortable” lifestyle, while a home-owning couple in relatively good health would need $690,000.
How much you’ll need to retire comfortably. Annually, this would mean home-owning couples would need $73,337 per year while home-owning singles would need slightly less, at $52,085 per annum for a comfortable lifestyle. According to the report, for a more “modest” lifestyle, singles would need $33,134 per annum. Couples, on the other hand, would need $47,731, annually, to enjoy a more dialled-down lifestyle.
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