Australians' Superannuation Savings Reach New Milestone
Australians have reached a "historic" retirement milestone, with significant superannuation savings.
According to recent data, men aged 60 to 64 have an average of $396,000 in superannuation savings, while women in the same age group have an average of $313,000.
- Men (60-64 years): $396,000
- Women (60-64 years): $313,000
Some Australians are not confident about their retirement.
To determine how much is needed for retirement, consider the annual expenses and savings goals.
Author's summary: Australians' superannuation savings have reached a new milestone.