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Hingdog

25,413 Posts.

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21/05/15

02:12

Post #: 15320232
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Originally posted by sierra ↑

Of course the average super balance is nothing like that because those that have retired haven't been accumulating super for long enough. Wait until those that are complaining about the wealthy retirees actually retire with a lifetime of super but find the government has changed the rules because of all their whining.

"The average super balance for men still adding to their accounts is $71,645 while women hold an average of just $40,475. The average retirement payout (determined by the average savings for those aged 60-64) was $112,600 for women and $198,000 for men."

http://www.australiansuper.com/superannuation/women-and-super.aspx

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The reality is that if you retire today and want to live well, you need at least $2M in super. I'm half of the retirement age but what I will need to retire comfortably is very much at the front of my mind.
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