UniSuper: Is $2 million in super enough for a comfortable retirement?
Preferred Supplier Article: Written by an Education Australia Preferred Supplier about their own products and services. It is not written or endorsed by Education Australia.
You might have heard people say $2 million as a goal for retirement, but a single number doesn’t work as a one‑size‑fits‑all.
For some, $2 million in super may support a comfortable retirement. For others, it may not be enough. What matters is the income your super can provide and how that aligns with your retirement plans.
Learn more about how much super you may need to retire.
What does this mean for you?
Rather than asking “is $2 million enough to retire on?” the more important question might be: enough for what? Figuring out where you want to end up is usually more useful than starting with a number and working backwards.
Think you need to grow your super?
Your super can typically grow over time through regular contributions, investment returns and time.
Consolidating your super can also make it easier to keep track of your balance and may help you reduce multiple sets of fees.1
Want extra support?
Whether you’re looking to grow your super, understand your investment options, set retirement goals or simply get a better sense of where you’re heading, there are tools and support options to help. UniSuper can help with support from super basics through to complete financial planning. 2 Visit the website today.
The information is of a general nature and doesn’t consider your personal circumstances. Before making decisions, you should consider whether the information is appropriate for your circumstances otherwise seek financial advice. Consider UniSuper’s PDS and TMD on its website and your circumstances before making decisions, because we haven’t.
1Before combining your super, consider the possible effects this might have on things like the fees you pay, the conditions of your insurance (including whether you can transition your insurance in your other fund to UniSuper) and the tax on your super. There could be other effects too, so it’s best to seek financial advice if you’re unsure.
2 UniSuper Advice is operated by UniSuper Management Pty Ltd ABN 91 006 961 799 (USM), which is licensed to provide financial product advice. USM is also the administrator of the fund UniSuper ABN 91 385 943 850 (UniSuper). UniSuper Limited ABN 54 006 027 121 is the trustee of UniSuper. UniSuper Advice’s Financial Services Guides are on its website and provide important information about the financial services that can be provided.
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