Knowing how much super you have now means you can plan for how much you need to grow your super. See how your super balance stacks up against others your age, and find out whether you're on track for a comfortable balance.
Average super balance by age
How much super should I have at my age?
You can check whether your balance is on track to end up with a comfortable retirement.
Here's what super balance you should be aiming for based on your age, using Super Guru's Super Balance Detective Calculator.
This is the approximate amount of super a person should have now to reach a "comfortable" retirement by age 67, according to the Association of Super Funds of Australia (ASFA).
Source: ASFA Retirement Standard, December 2021 quarter, accessed May 2022.
What's the average balance?
The Australian Bureau of Statistics (ABS) has worked out the average super balance for each age group, which you can use as a guide to see how your balance compares.
This table shows the average super balances for both men and women by age in 2022. Women have less super on average than men – called the gender super gap – for a combination of reasons. (There's no data provided yet on balances for non-binary people.)
Source: Australian Bureau of Statistics, Household Income and Wealth, Australia, 2022.