There needs to be limits put on the maximum draw down rates for super to ensure it lasts. The aged pension for a couple is $38k pa, if you didn't save during your working years beyond the minimum compulsory super then you can't expect some great lifestyle in retirement. As my example showed, a single person earning just $20k pa throwing in $20 a week extra would have nearly $500k super after 30 years, if they also had a partner working for part of that time it's going to be a lot more. That $20k is way too low btw, the minimum wage averaged over 30 years would be quite a bit higher
