In this episode of The Australian Finance Podcast, Gemma Mitchell and Owen Rask break down the latest Australian superannuation statistics and answer the question so many people quietly worry about: Am I behind on super?
This episode cuts through the averages, explains what the numbers actually mean, and gives you practical ways to improve your superannuation position whether you’re behind, on track, or already ahead.
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Want help sorting your super or retirement plan? Explore the free resources and advice links below.
Topics Covered
- What you ‘should’ have in super by age
- What places you in the top 10% of super balances
- Why average super figures can be misleading
- Median vs average: what really tells the story
- Career breaks, part-time work & super outcomes
- “Comfortable retirement”: what it really means
- Why context matters more than general rules
- Inflation & changing retirement income targets
- Top 10% super balances by age and how to use the data
- Why top 10% doesn’t mean “set”, and being behind doesn’t mean “failed”
For those behind on super:
- Contributions: how small boosts can grow
- Fees & insurance: hidden costs that add up
- Investment settings: don’t go too conservative too soon
For those ahead on super:
- Does “comfortable” reflect the life you want?
- Check your insurance is still right for your needs
- When building assets outside super makes sense
Key takeaway:
Understanding where you sit can be motivating, but what matters most is what you do next.
