What is the average super balance of a 55 year old?
So, what are the current average balances for different age groups?
| Average super balance by age2 | ||
|---|---|---|
| 45 – 49 | $165,587 | $122,228 |
| 50 – 54 | $214,795 | $157,124 |
| 55 – 59 | $286,283 | $209,653 |
| 60 – 64 | $359,870 | $289,179 |
What is the average Australian super balance?
How much super do others have?
| Age | Average super balance – men | Average super balance – women |
|---|---|---|
| Under 20 | $4,600 | $4,600 |
| 20-24 | $17,900 | $17,300 |
| 25-29 | $45,100 | $39,400 |
| 30-34 | $85,100 | $64,100 |
What is the average super balance for a 50 year old in Australia?
Average super balances for Australians by age
| Age | Average balance (men) | Average balance (women) |
|---|---|---|
| 25 to 34 years | $41,700 | $31,600 |
| 35 to 44 years | $100,300 | $69,300 |
| 45 to 54 years | $196,400 | $129,199 |
| 55 to 64 years | $332,700 | $245,100 |
What is the average super balance at 65?
How does your super stack up?
| Age | Average balance – men | Average balance – women |
|---|---|---|
| 50-54 | $242,007 | $159,188 |
| 55-59 | $311,163 | $207,254 |
| 60-64 | $371,599 | $251,409 |
| 65-69 | $384,539 | $313,050 |
What is the average super balance for a 50 year old?
So, what are the current average balances for different age groups?
| Average super balance by age2 | ||
|---|---|---|
| 45 – 49 | $165,587 | $143,908 |
| 50 – 54 | $214,795 | $185,960 |
| 55 – 59 | $286,283 | $247,968 |
| 60 – 64 | $359,870 | $324,525 |
How much super Should a 70 year old have?
The average superannuation balance required for a comfortable retirement is $640,000 for a couple and $545,000 for a single person, assuming they withdrew their super as a lump sum and receive a part Age Pension, according to the latest Retirement Standard document from the Association of Super Funds of Australia (ASFA …
How much do I need to retire on $60000 a year in Australia?
It’s fair to assume that the average Australian might hope to live comfortably, if not lavishly, in retirement. The widely-reported ASFA Retirement standard suggests couples can enjoy a ‘comfortable lifestyle’ on around $65,000 a year.
Can I retire at 60 with 500k Australia?
According to the ASFA Retirement Standard, a couple can live a ‘comfortable lifestyle’ with a retirement balance of $640,000 while singles can enjoy the same with $545,000.
Is $500000 enough super?
How much super do I need to retire on $80 000 a year?
Single – Super retirement balance needed to provide annual retirement income of $80,000
| Years super lasts | 2% | 7% |
|---|---|---|
| 25 years | $2,795,000 | $1,410,000 |
| 30 years | $3,940,000 | $1,605,000 |
| 35 years | More than $5m | $2,055,000 |