Make your super go the distance

Whether your retirement is six months or six years away, it’s never too early to start preparing. Planning well for retirement will ensure you have enough income when you stop working. 

How much super do I need for retirement?

Here’s a guide. Because everyone has different needs, it’s important to consider your own situation. 

As a guide, each year you may need around*
of your current annual income.
You'll need around
per year as your retirement income.
Current life expectancy for males* is
80.3 years
So if you're earning*
per year now…
If you're planning to retire at
your savings will need to last you at least 20 years.
Current life expectancy for females* is
84.4 years

Planning for your retirement?

Here are some questions to help get you started.
  • At what age do I plan to retire?
  • What sort of retirement do I want? 
  • What do I need to budget for? 
  • What can I live without?
  • How much do I have invested already?
  • Do I have time to boost my super?

Our retirement planning seminars can help you answer these questions and and they provide information on a number of pre-retirement strategies.


Retirement income calculator

Find out if the Government Age Pension plus your super will give you enough income in retirement.

Let’s start

Further reading

You can read more about retirement living costs by clicking on the links below.

How can I boost my super for retirement?

Salary sacrifice

You may be able to arrange for your employer to make super payments directly from your salary.

Watch our short video to understand how this could benefit you, or find out more about salary sacrifice.

Top up my super

Make personal contributions to your super account with after-tax payments, and you may also be eligible for an extra top up from the Government. This is called the Government Co-contribution.

Our short video explains the benefits of topping up your super, or find out more about making personal contributions and the Government Co-contribution.



A tradie looking up the stairs on a construction site

Transition to retirement

Ease your way into retirement by reducing your work hours and using your super to maintain your income.

Transition to retirement
A couple walking through a park

Super income stream

Support your retirement with a steady and flexible source of income.

Super income stream

Further reading

You can read more about Cbus Super Income Stream by clicking on the links below.

Super and the Age Pension

Through Centrelink and the Department of Veteran Affairs (DVA), the Australian Government offers a range of benefits to eligible retirees. 

Members of the Cbus Super Income Stream may be entitled to the Age Pension (social security benefits) in addition to the Cbus Super Income Stream.

You may also be eligible for:

  • pharmaceutical allowance
  • rent assistance
  • telephone allowance
  • utilities allowance
  • remote area allowance
  • $500 advance payment of Age Pension
  • pension concession card.

Do I qualify for the Age Pension?

1. Australian residency

On the day you submit your claim, you must be an Australian resident and have lived in Australia long enough to satisfy qualifying residence periods.


2. Your age

The qualifying age is currently 65. From 1 July 2017, the qualifying age will increase from 65 years, to 65 years and six months. The qualifying age will then increase by six months every two years until it reaches 67 by 1 July 2023.  


3. Income and asset tests

These tests consider areas such as the level of assets you have, where you invest those assets, the income your assets are deemed to earn and any other income you receive, such as wages, income from a super income stream or overseas pensions.

Further reading

Centrelink will assess your eligibility and entitlements will be assessed based on your personal needs and circumstances. You can call Centrelink on 132 300.

Speak to a qualified adviser from Cbus Advice Services

Our qualified financial advisers can offer advice on:
  • general information about super and tax
  • transition to retirement
  • setting up an income stream
  • Age Pension and Centrelink entitlements
  • draw-down amounts
  • estate planning
  • beneficiaries.


We’re here to help

Call Cbus Advice Services on 1300 361 784

Press 4 to be connected

8am to 8pm Monday to Friday AEST/AEDT


Or use our online form to request a call from Advice Services.

Read our Financial Services Guide (PDF)

Meet with a Certified Financial Planner (CFP)

If you would like to arrange a meeting with a financial planner for more comprehensive personal financial advice, Cbus Advice Services can refer you to an accredited CERTIFIED FINANCIAL PLANNER® (CFP) who meets strict professional qualification and service criteria set by Cbus and the Financial Planning Association (FPA) of Australia.

The financial planner can offer you advice on a fee-for-service basis. Your first meeting is at no cost, and any fees for advice will be agreed with you in advance. You may be eligible to have the financial planner payment fees deducted directly from your Cbus account.

Contact Cbus Advice Services on 1300 361 784 to get started.