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ASFA Retirement Standard

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The Association of Superannuation Funds of Australia's (ASFA) estimate of how much money you'll need in retirement, depending on your lifestyle.

ASFA Retirement Standard

Annual living costs

Weekly living costs

Couple – modest



Couple – comfortable



Single – modest



Single – comfortable



Source: ASFA Retirement Standard, December quarter 2021

ASFA’s ‘comfortable’ standard estimates how much money is needed for retirees to be involved in a range of leisure activities and to have a good standard of living including: private health insurance, a reasonable car, household goods and holidays.

ASFA’s modest standard estimates how much money is needed for the basics.

Both standards apply for people retiring at age 65 who will live to an average life expectancy of about 85. Both assume you own your home.

ASFA produces a separate retirement standard for older retirees.

An alternate rule of thumb for estimating your retirement income needs is to assume you'll need two-thirds (67%) of your pre-retirement income to maintain the same standard of living in retirement

For more information see the ASFA Retirement Standard.

The Retirement Income Review – Final Report was released by The Treasury on 20 November 2020 and refers to the ASFA Retirement Standard.