![]() ![]() Seriously contemplating how your life might differ to the assumptions behind the annual retirement standard guidelines will help you set savings goals. It provides some insight into the proportions of retirement budgets typically spent in retirement across basic categories such as food, health and transport. The ASFA Retirement Standard provides an invaluable starting point for looking at your requirements in the future and making plans on that basis now. Of course, the exact answer is different for everyone as it depends on how long you are in retirement, what financial commitments you have, the lifestyle you want, and what non-super assets you have. If you currently have additional income, you may want to transfer that money to your superannuation account and take advantage of the tax* benefits that super provides - both now and in retirement.It is one of the biggest questions we hear – how much super is enough to live on after retirement? This calculator assumes you'll fund your retirement solely from your super. × Save & close How much money vs how much super? This calculator has rounded up all figures to the nearest dollar.
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