Retirement Planning

You may not think it now, but retirement is one of the most important stages of your life. Whether it's one or 20 years away, we’re committed to helping you make the most of your super.


1. Understanding how much you'll need

When you retire, you may rely on more than one source of income including super, personal investments and the government Age Pension.

The amount of annual income you'll need in retirement is completely personal. It depends on the lifestyle you want after you stop working.

To give you an idea, the Association of Superannuation Funds of Australia (ASFA) categorised retirement lifestyle as modest or comfortable. According to ASFA, a modest retirement lifestyle is described as better than the Age Pension, but you’d still only be able to afford fairly basic leisure activities. A comfortable retirement lifestyle however, would give you the opportunity to enjoy a wide range of leisure activities and a good standard of living.

2. Check if your super’s on track

To live comfortably in retirement, ASFA believes a single person would need about $42,764 pa and a couple would need around $60,264* pa.

3. Start planning

Make use of our handy calculators

Super and Retirement Calculator: See how much super you could have to spend in retirement and explore different ways to help boost your super balance.

Retirement Budget Calculator: Review what you spend now, as well as the lifestyle changes retirement brings.

More useful calculators can be accessed here.

4. Get some help with Rest Advice

When it comes to super, we can all benefit with a little professional help. Take advantage of a complimentary super health check (all at no extra cost to you) with a Rest Adviser^, it’s just a chat to help you improve your financial future. Book a call at the time that suits you.
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ASFA’s budgets for comfortable households and living standards*

  Single Couple
Housing - ongoing only $114.00 $119.20
Electricity and gas $47.89 $59.39
Food $115.07 $200.00
Clothing and footwear $26.85 $50.00
Household goods and services $73.06 $89.86
Health $87.22 $153.93
Public Transport $97.17 $181.68
Leisure $178.47 $268.12
Communications $24.70 $32.15
Total expenses per week $819.22 $1,154.49
Total expenses per year $42,764 $60,264

When to access your super

You can access your super when you satisfy a condition of release such as:

  • Reaching your 'preservation age' and permanently retiring from the workforce; or
  • Reaching your 'preservation age' and starting a Transition to Retirement strategy; or
  • Reaching age 60 and leaving or changing an employer; or
  • Turning 65.

Calculate your preservation age

Date of birth Preservation age
Before 1 July 1960 55
1 July 1960 - 30 June 1961 56
1 July 1961 - 30 June 1962 57
1 July 1962 - 30 June 1963 58
1 July 1963 - 30 June 1964 59
From 1 July 1964 60

*The ASFA Retirement Standard is updated quarterly to reflect inflation. The ASFA’s March quarter 2018 budgets assume that the retiree(s) own their own home outright and are relatively healthy. The figures relate to expenditure by the household. This can be greater than household income after income tax where there is a drawdown on capital over the period of retirement. The budgets above are for retirees aged 65-85, if you are aged over 85 please refer to the ASFA website at

^Rest financial advice is provided by Rest advisers as authorised representatives of Adviser Network Pty Limited AFS Licence 232729 ABN 25 056 310 699.

This website is provided by Retail Employees Superannuation Pty Limited ABN 39 001 987 739, AFSL 24 0003 (Rest), trustee of Retail Employees Superannuation Trust ABN 62 653 671 394 (Fund), of which Rest Super, Rest Corporate, Rest Pension and Acumen are part. It contains general advice that has been prepared without taking account of your objectives, financial situation or needs. Before acting on the information or deciding whether to acquire or hold a product, consider its appropriateness and the relevant Product Disclosure Statement (PDS), which is available on this website. The cost of providing financial services is included in the fees in the Fund as disclosed in the relevant PDS. Rest and the Fund do not charge any additional fees or obtain any commissions for the advice provided. Rest’s employees are paid a salary and do not receive any commissions. They may receive a performance related bonus that takes into account the financial services provided. Super Investment Management Pty Limited (ABN 86 079 706 657, AFSL 240004), a wholly owned subsidiary company of Rest, manages some of the fund’s investments. Apart from this, Rest does not have any relationships or associations with any related body corporate or product issuer that might reasonably be expected to be capable of influencing Rest in providing financial services.

Rest personal advice is provided by Rest Advisers as authorised representatives of Link Advice Pty Ltd ABN 36 105 811 836 AFSL 258145

Awards and ratings are only one factor to consider when deciding how to invest your super. Further information regarding these awards can be found at Past performance is not an indicator of future performance. SuperRatings Pty Limited does not issue, sell, guarantee or underwrite this product. Go to for details of its ratings criteria. For further information about the methodology used by Chant West, see