$322k for a comfortable retirement: how much super do you need?
2026 Retirement Savings Targets for Homeowners released today
Based on the spending and lifestyles of real retirees, Super Consumers Australia has published the 2026 Retirement Savings Targets for Homeowners.
Expert projections have found the typical single homeowner* will need around $322k in superannuation for a comfortable retirement, with homeowner couples needing a combined $432k.
*Data focuses on homeowners due to the different circumstances for homeowners and renters in retirement. For the first time, Super Consumers has also produced Retirement Savings Targets for Renters, available later this month.
“You might already be on track for a comfortable retirement and not realise” says Dr. Katrina Ellis, Deputy CEO.
“The 2026 Retirement Savings Targets for Homeowners have found the typical single homeowner could have a comfortable retirement with as much as $322k, with couples needing as much as $432k. For many people this is good news – by knowing your Retirement Super Target you can balance your quality of life now with your quality of life in retirement” says Dr. Ellis.
The detailed figures are available here.
Super Consumers Australia recommends all Australian homeowners take a moment to find their own target.
1. Do a budget
Do a budget to find out how much you will likely need to spend in retirement. Our targets give you a guide about typical spending of retirees, but tools like the MoneySmart Budget Planner can help you understand your own spending.
2. Find out your current super balance
You can find out your current super balance through your super fund.
3. Come up with your Retirement Target
Our targets can give you a guide, but tools like the MoneySmart Retirement Planner can help you find out your personal Retirement Target.
4. Make changes that work for you
The MoneySmart tool also helps you see the impact of making changes such as additional contributions or taking a career break.
“It should be a lot easier to understand your retirement savings and spending target. Some Super funds are good at helping you understand and make decisions for your retirement, while some leave a lot to be desired” says Dr. Ellis.
“While we encourage every homeowner to find their own retirement target we also want to see super funds make it a lot easier to do across the board. Good funds provide an estimate of retirement income for their members already. We want to see all funds provide this guidance.” says Ellis.
Katrina Ellis and Xavier O’Halloran are available for interview.
Read the full report: here