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Want a comfortable retirement? Here's the new super figure Australians need
SBS acknowledges the Traditional Custodians of Country and their connections and continuous care for the skies, lands and waterways throughout Australia.
Australians now need a little bit more in their super to retire comfortably, with the rising cost of living driving up the latest retirement standard.
A couple who own their home and are seeking a comfortable retirement will need $78,998 a year, or $1,513 a week. A single homeowner will need $56,166 a year, or $1,076 a week.
Those figures were released on Tuesday by the Association of Superannuation Funds of Australia (ASFA), the peak body for the super industry.
It showed for homeowners aged 65 to 84, the budget for a comfortable retirement rose 0.5 per cent for couples and 0.4 per cent for singles in the June quarter.
How much passive income can I earn investing $400,000 of my superannuation buying ASX shares?
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If you were to invest $400,000 of superannuation savings into ASX dividend shares, how much passive income could you earn each year?
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