Determining how much super you need will depend on how comfortable you want your retirement to be. The stronger your financial position, the more you will be able to relax and enjoy your retirement years.
Everyone is different and the amount of super you need depends on a variety of factors:
- How long you live
- What type of lifestyle you want
- Hobbies, interests and travel aspirations
- Future medical costs
Average annual living costs tend to vary between approximately $34,000 (for modest couples) and $58,000 (for comfortable couples) and $23,000 (modest singles) and $42,000 (comfortable singles).