03/07/2026
$355,000. Seven years. And the average Australian is living well into their 80s, often their 90s. That's potentially 20 to 30 years of retirement to fund. On $355,000.
ASFA puts a comfortable retirement at $51,000 a year for a single person and $72,000 for a couple. That's not travelling business class and eating at restaurants every night. That's running a car, covering your health costs, seeing your grandkids, going on one decent holiday a year and not lying awake wondering if you can afford the power bill.
The Age Pension sits at around $28,000 a year for a single person. It was designed to stop people from having nothing. It was never designed to actually fund a life.
And yet that's the plan for a significant chunk of Australians right now. Not because they chose it. Because time moved faster than they expected, life cost more than they budgeted for and the gap between where they are and where they need to be just kept quietly growing while they were busy keeping up with everything else.
The people sitting across from us at 58 and 59 having this conversation for the first time aren't people who didn't try. They're people who just never had anyone show them the actual numbers early enough to do something about it.
That's the only difference between being okay in retirement and being genuinely comfortable. Having the right conversation at the right time.
And that time is not when you're about to retire. It's not when the kids finish school. It's not when the mortgage gets a bit more manageable. It's now. Whatever age you are reading this. Because the version of you in retirement is being built right now whether you're paying attention to it or not.
Plant it right and plant it early. The tree you're sitting under at 70 is the one you decided to plant today.
It starts with one conversation. That's genuinely all it takes to go from guessing to knowing.
This post contains information that is general in nature. It does not take into account the objectives, financial situation or needs of any particular person. You need to consider your financial situation and needs before making any decisions based on this information.