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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
$1,420 per fortnight
$37,000 per year

$130,000

By yourself 

Medium
$1,890 per fortnight
$49,000 per year

$395,000

By yourself

High
$2,390 per fortnight
$62,000 per year

$846,000

In a couple 

Low
$2,080 per fortnight
$54,000 per year

$168,000

In a couple 

Medium
$2,770 per fortnight
$72,000 per year

$548,000

In a couple 

High
$3,500 per fortnight
$91,000 per year

$1,177,000

*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
$1,190 per fortnight
$31,000 per year

$75,000

By yourself 

Medium
$1,650 per fortnight
$43,000 per year

$310,000

By yourself

High
$2,270 per fortnight
$59,000 per year

$876,000

In a couple 

Low
$1,770 per fortnight
$46,000 per year

$96,000

In a couple 

Medium
$2,380 per fortnight
$62,000 per year

$421,000

In a couple 

High
$3,350 per fortnight
$87,000 per year

$1,223,000

*On top of income from the Age Pension

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