Superannuation is one of the most significant assets that most Australians will have in retirement—yet many aren’t sure if they’re on the right track. 

While everyone’s financial journey is different, some helpful benchmarks can give you a general sense of how your super compares to others in your age group.

By your 30s, you might aim to have around $40,000 in super. This is often when your career is gaining momentum, and contributions start to add up. 

In your 40s, a healthy balance might be around $100,000 to $150,000. This is a great time to review your fund’s performance and consider whether you should make additional contributions.

In your 50s, as retirement becomes more tangible, your super should ideally be between $200,000 and $300,000 or more. This is also when many people consider salary sacrificing to boost their balance. And by your 60s, aiming for at least $400,000 to $500,000—if not higher, depending on your desired lifestyle—can help position you well for a more comfortable retirement.

Of course, these figures are just general guideposts. Factors like career breaks, homeownership, income level, and personal goals will all influence your individual needs.

If your super balance feels lower than expected, it’s not too late to take action. Regular contributions, consolidating multiple accounts, checking for lost super, and choosing the right investment strategy can all make a meaningful difference over time.

Need help understanding how your super is tracking? We can work with you to assess your current position and identify opportunities to strengthen your retirement savings. It’s never too early—or too late—to take charge of your super.