How much super you’ll need to have saved by the time you retire will depend on:

• your expectations for things like travel, eating out, and helping out children and grandchildren;
• whether you’ll have any other income, such as part-time or casual work; and
• any debts that will continue after you’ve stopped working, such as your mortgage.

The Association of Super Funds Australia (ASFA) has estimated that a comfortable retirement costs $42,764 a year for a single person and $60,264 a year for a couple*.

* ASFA Retirement Standard, www.superannuation.asn.au, March Quarter 2018.