Is $1 million enough to retire in Australia? How much super you need in 2026
Is $1 million enough to retire comfortably in Australia? In this updated episode, our hosts unpack MyBudget’s latest retirement article, looking at how much super Australians may need in 2026 and what the latest retirement benchmarks actually mean in real life.
They explore the latest ASFA retirement figures, how much income a comfortable retirement may require, and why two people with the same super balance can still have very different outcomes depending on housing costs, health, debt, travel plans, retirement age, and how long their savings need to last.
Our hosts also break down the key superannuation changes from 1 July 2026, including payday super and the higher concessional contributions cap, plus practical steps Australians can take if their super balance is below the suggested benchmarks.
They also highlight the free resources linked in the article, including MyBudget’s Personal Budget Template and practical budgeting tools designed to help you understand your cash flow, reduce debt, and create more room for long-term financial goals.
👉 Visit the MyBudget Money Hub to read the full article, explore practical money tools and learn how MyBudget helps Australians reduce money stress, stay on top of bills and plan for their financial future.
📞 Need financial help right now? Speak with one of our expert Money Coaches on 1300 300 922 or enquire online.
