Super Consumers Australia's retirement savings targets

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Super Consumers Australia's Retirement Savings Targets are a tool to help you work out how much super you need to save for your retirement.

The targets offer savings goals that are based on your age, whether you're single or in a couple, and how much you want to spend. The targets assume you own your own home outright or are not paying rent or a mortgage.

Savings targets for pre-retirees (aged 55-59)

If you own your own home when you retire and you live	And you'd like to spend this much in retirement	Then you need to have saved this much by 65*
By yourself	Low $1,385 per fortnight $36,000 per year	$91,000
By yourself	Medium $1,808 per fortnight $47,000 per year	$317,000
By yourself	High $2,269 per fortnight $59,000 per year	$777,000
In a couple	Low $2,000 per fortnight $52,000 per year	$116,000
In a couple	Medium $2,654 per fortnight $69,000 per year	$425,000
In a couple	High $3,346 per fortnight $87,000 per year	$1,037,000

*On top of income from the Age Pension

Savings targets for retirees (aged 65-69)

If you own your own home when you retire and you live	And you'd like to spend this much in retirement	Then you need to have saved this much by 65*
By yourself	Low $1,192 per fortnight $31,000 per year	$76,000
By yourself	Medium $1,577 per fortnight $41,000 per year	$279,000
By yourself	High $2,115 per fortnight $55,000 per year	$795,000
In a couple	Low $1,692 per fortnight $44,000 per year	$95,000
In a couple	Medium $2,308 per fortnight $60,000 per year	$371,000
In a couple	High $3,077 per fortnight $80,000 per year	$1,055,000

*On top of income from the Age Pension

For more information see Super Consumers Australia's Retirement Savings Targets.