Story perspectives

New Retirement Targets Set: Couples Need $730K, Singles $630K

2/28/2026

Summary

Story summary

Association of Superannuation Funds of Australia (ASFA) updated retirement benchmarks, setting a comfortable retirement target at $730,000 for couples and $630,000 for singles.
From July, contribution caps will increase, allowing Australians to make larger superannuation contributions to reach the new targets.
The age pension will be adjusted, including deeming-rate changes affecting entitlements.
Rising living costs and wages are driving these changes, improving retirement planning opportunities.

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Story summary

Association of Superannuation Funds of Australia (ASFA) updated retirement benchmarks, setting a comfortable retirement target at $730,000 for couples and $630,000 for singles.
From July, contribution caps will increase, allowing Australians to make larger superannuation contributions to reach the new targets.
The age pension will be adjusted, including deeming-rate changes affecting entitlements.
Rising living costs and wages are driving these changes, improving retirement planning opportunities.