Is that right?
I just did a super quick calculation based on 9.25% super per year on the Australian median wage with 7% growth per year for 45 (20-65) years and I get a total of around $2.1m.
That is only compounded yearly.
Doesn't take into account inflation or wage growth so kinda evens out.
It also doesn't take into account additional contributions, a family home, other investments.
And is based on an individual so couples could have double that.
I fully admit this is not an in depth calculation but the median population that are earning super form their first day of work for their entire working life should be able to be self sufficient.
