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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

Making the decision to partially or fully retire can be complex.

Contact an ANZ Staff Super financial adviser today to discuss your options and work out what’s best for you.

Call us on
1800 000 086