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How much do I need to retire?

Determining how much you need to retire depends on many factors and everyone has different needs. We have some suggestions to help you be well prepared for life beyond working.

Everyone’s retirement plan looks different so it’s hard to know exactly how much you need to retire. Things to consider include:

  • the lifestyle you want
  • any costs (such as a mortgage, medical costs, rent, renovations, and so on).

The ASFA* Retirement StandardOpens in new window breaks down the costs for both comfortable and modest lifestyles for couples and singles.

Comfortable lifestyle

Could include:

  • Groceries
  • Private health insurance
  • Range of exercise and leisure activities
  • Occasional restaurant meal
  • Annual domestic trip
  • International trip once every seven years

Modest lifestyle

Could include:

  • Groceries
  • Infrequent eating out and other social activities with family and friends
  • Basic health cover

Explore the ASFA* Retirement StandardOpens in new window.

* The Association of Superannuation Funds of Australia

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Ready to retire?

Our low-cost, flexible pension options make it easy.

Convert your super into an income stream with our Account-Based Pension or Transition to Retirement pension.

Open a retirement account with us Opens in new window

Need some help? Our advisers can help you decide what’s best for you.

Call us now on 1800 000 086.

Disclaimer

ANZ Staff Superannuation (Australia) Pty Limited ABN 92 006 680 664 AFSL 238268 RSEL L0000543 (“Trustee”) is the trustee of the ANZ Australian Staff Superannuation Scheme, ABN 83 810 127 567 RSE R1000863 (“the Scheme” or “ANZ Staff Super”) and product issuer of ANZ Staff Super products for current and former ANZ staff and their partners.

The information provided on this website is general in nature and does not take into account your personal financial objectives, situation or needs. You should consider your objectives, financial situation or needs, and the Product Disclosure Statement (PDS) and Target Market Determination (TMD) for the ANZ Staff Super products before making any decision about ANZ Staff Super.

Any past performance information is given for illustrative purposes only and should not be relied upon as an indication of future performance.

This website is provided by the administrator, Australian Administration Services Pty Ltd (ABN 62 003 429 114). The Trustee pays a fee for the provision of this service, however this fee is not conditional on you using this service or acting on the information or advice provided through this service. This website was prepared in good faith and we accept no liability for any errors or omissions.