How much super do I need to retire in Australia?
How much super you need to retire in Australia depends on the income you want, when you stop work, housing costs and other income, including any Age Pension. Start with an annual spending budget, then model how super and other resources might cover the gap over time.
Can I retire at 60 with $600,000 in super?
A $600,000 balance alone cannot answer that question. Compare the spending it needs to fund, your access to super, how many years come before Age Pension age, other income and a buffer for unexpected costs. If your goal is $70,000 a year, test that annual spending target across the full timeline rather than assuming one balance will always support it.
Start with a retirement expenses checklist and consider the years before Age Pension eligibility.
There is no single number
The right super target depends on spending, home status, retirement age, partner situation, other assets and Age Pension eligibility.
Start with spending
A realistic annual spending target is the anchor. Without it, a super target is just a guess.
Age Pension can change the target
Some households receive part Age Pension later in retirement, which can reduce pressure on super drawdowns.
Couples are different
Couples often have two super balances, different ages and different retirement dates. That needs household modelling.
How Pension Pilot helps
Pension Pilot turns spending, super, retirement timing and Age Pension assumptions into a plain-English educational report. It is designed to help you get organised before checking official rules or speaking with a qualified adviser.
Common questions
Is $1 million enough to retire?
It depends on spending, age, home status, investment returns and Age Pension interaction.
Should I use a calculator or a report?
A calculator is useful, but a report can organise assumptions, timeline and adviser-prep questions more clearly.