Question 1

Where do the super balance targets come from?

Accepted Answer

The targets are based on the ASFA (Association of Superannuation Funds of Australia) Retirement Standard, updated February 2026. They calculate the lump sum needed at age 67 to fund either a 'comfortable' or 'modest' retirement for homeowners.

Question 2

What's the difference between comfortable and modest retirement?

Accepted Answer

A comfortable retirement ($54,840/year for singles) covers a good standard of living including regular leisure, private health insurance, and car ownership. A modest retirement ($35,503/year) covers basic needs but involves more limited activities.

Question 3

How are age-based targets calculated?

Accepted Answer

ASFA works backwards from the $630,000 lump sum target at age 67 (singles, comfortable), assuming a typical career path with salary growth and 12% SG. The result is a target balance at each age from 25 to 67.

Question 4

What should I do if I'm behind?

Accepted Answer

Consider increasing contributions through salary sacrifice, using carry-forward unused caps, reviewing your investment option (growth vs balanced), and reducing fees. Even small increases compound significantly over time.

Question 5

Are the benchmarks different for couples?

Accepted Answer

Yes. Couples need a higher lump sum ($730,000 for comfortable) but benefit from shared living costs. The weekly budget for a comfortable couple is $1,488 vs $1,055 for a single person.

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