How does your super balance compare to those your age?
7 February 2024
Comparing your balance to peers can give you perspective.
When it comes to super, people want to know how their current balance compares with others, particularly those around their age – it’s a gauge we use to determine if ‘we’re doing OK’.
"It can give us valuable perspective on our super, but a simple comparison can also mislead us. Because what really matters with super is if the amount you end up with meets your unique needs in retirement,” explains smartMonday senior smartCoach Pat Howard.
To help you figure out the amount you may need, read through our article Do you really need $1m to retire? And use our calculators that estimate your potential balance and retirement needs.
Essential points
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The balance you want is more important than how you compare with others
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Age, gender and occupation are big factors that shape your balance
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Most people are meeting 'modest' retirement standards