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Retirement means something different to everybody.

For some, it’s about slowing down and having time to relax with family and friends. For others, it’s a time to do all the things they never had time for while working. Either way, before entering retirement it’s a good idea to work out what type of lifestyle you want and how much you think you’ll need.

To help Australians estimate how much they’ll need in retirement, the Association of Superannuation Funds of Australia (ASFA) produce the ASFA Retirement Standard.

The ASFA retirement standard compares a modest lifestyle, comfortable lifestyle and a lifestyle on the Age Pension. It assumes that retirees are healthy, own their home outright and are without dependants.

The table below is based on ASFA’s estimates for those aged around 65 years (September quarter 2017, national).

Lifestyle Estimate
Single modest $24,506 pa
Single comfortable $44,001 pa
Couple modest $35,189 pa
Couple comfortable $60,457 pa


What’s the difference between a modest lifestyle and a comfortable lifestyle?

modest vs comnfortable smallerConsidered to be better than relying on the Age Pension, a modest retirement lifestyle is enough to support fairly basic activities. Whereas a comfortable retirement lifestyle enables an older, healthy retiree to be involved in a broad range of leisure and recreational activities and to have a good standard of living.


Achieving your desired retirement lifestyle

Once you’ve figured out what retirement lifestyle you’re after, here are some things you can do to help achieve the super savings you need.

  • Seeking financial advice from a Vision Super financial planner, who can work with you to create a tailored financial plan to suit your needs. Find out more at
  • Calling our Member Services team on 1300 300 820 for a super health check and to discuss your options.
  • Setting up regular contributions to your super, from your before tax or after tax pay. Find out more about growing your super here.
  • Logging on to Vision Online to stay up to date with your account, reviewing your insurance and investment options and consolidating any other super account you may have.


More information

  • For a detailed comparison of a comfortable vs modest retirement lifestyle, please see ASFA’s SuperGuru website.
  • Our retirement budget calculator can also help you see what percentage of your current salary you may need in retirement. Try it here.


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