What is the current ASFA target for a comfortable retirement at 67?

ASFA’s updated guidance sets $630,000 for a single person and $730,000 for a couple at age 67. These figures aim to fund a lifestyle that covers regular bills, private health cover, home upkeep, and some travel. Your actual target may differ based on housing, health, and work plans.

How do I check my superannuation balance by age against targets?

Log in to your super fund to view your balance, fees, returns, and projections. Then compare your amount with ASFA’s age-based benchmarks and your own budget. Most funds offer calculators to test contribution changes. Review yearly, especially after pay rises, career breaks, or major market moves.

What can over-50s do if they are behind the new targets?

Increase salary sacrifice up to the concessional cap, and consider catch-up concessional contributions if eligible. Review your investment mix, consolidate accounts, and cut unnecessary fees or insurance. Decide on a realistic retirement age, consider part-time work early in retirement, and seek licensed advice for tax and strategy.

Are younger workers on track now that the Super Guarantee is 12%?

Many younger Australians look closer to track with a 12% employer contribution, provided they stay invested and keep fees low. Adding just 1 to 2% voluntary contributions improves the odds. Consolidate accounts, check your default option fits your age, and review after major life or job changes.

How much super do I need if I own a home?

Homeownership usually lowers retirement expenses, reducing the balance needed compared with renting. Start with your own spending plan for rates, utilities, insurance, food, transport, and health. Compare that budget to ASFA’s guidance and adjust contributions or investments to match your personal target.

Global Market Insights

Superannuation by Age: ASFA Lifts ‘Comfortable’ Target – March 13

ByDanny Kontos March 13, 2026March 13, 2026

ASFA has lifted its comfortable retirement target to $630,000 for single retirees at 67 and $730,000 for couples. This raises the bar for the superannuation balance by age that Australians aim for. ATO medians show shortfalls for many over 50s, while younger workers look closer to track under a 12% Super Guarantee. We break down the ASFA retirement standard, what a comfortable retirement Australia looks like in practice, and practical ways to answer the question: how much super do I need.