Is $120,000.00 a Good Salary at 50?
Find out how a $120,000.00 salary compares at age 50 in Australia — take home pay, age-group comparison, and whether you're on track financially.
Last verified: 1 July 2025Verdict: Above average for your age
At $120,000.00, you're earning above average for your age group. You're ahead of most Australians your age and well-positioned to build wealth.
The average salary for the 50-54 age group is $102,000.00 — you earn 18% more than average.
Your Take Home Pay on $120,000.00
Annual
$90,812.00
Monthly
$7,567.67
Fortnightly
$3,492.77
Weekly
$1,746.38
How $120,000.00 Compares at Age 50
| Age Group | Average Salary | Your Salary | Difference |
|---|---|---|---|
| 18-24 | $55,000.00 | $120,000.00 | +118% |
| 25-29 | $72,000.00 | $120,000.00 | +67% |
| 30-34 | $85,000.00 | $120,000.00 | +41% |
| 35-39 | $95,000.00 | $120,000.00 | +26% |
| 40-44 | $100,000.00 | $120,000.00 | +20% |
| 45-49 | $105,000.00 | $120,000.00 | +14% |
| 50-54 (you) | $102,000.00 | $120,000.00 | +18% |
| 55-59 | $95,000.00 | $120,000.00 | +26% |
| 60-64 | $85,000.00 | $120,000.00 | +41% |
Where You Should Be Financially at 50
Expected Savings
$120,000.00 – $400,000.00
Outside of superannuation
Expected Super Balance
$280,000.00
Based on average contributions
Expected Net Worth
$600,000.00 – $1,300,000.00
Including super & property equity
Are You On Track? Milestones for Age 50
- 1Net worth of $600,000-$1,300,000
- 2Super balance around $250,000-$400,000
- 3Mortgage close to paid off or fully paid
- 4Transition to retirement strategy considered
- 5Detailed retirement budget prepared
What to Focus On at 50
Frequently Asked Questions
Is $120,000.00 a good salary at 50?
Yes, $120,000.00 is above the average salary for 50 year olds in Australia. The average for the 50-54 age group is $102,000.00, so at $120,000.00 you're earning 18% more than the average.
What is the average salary for a 50 year old in Australia?
The average salary for the 50-54 age group in Australia is approximately $102,000.00 per year before tax. This is based on ABS data and includes full-time workers across all industries and states.
How much should a 50 year old have saved?
At 50, most Australians have between $120,000.00 and $400,000.00 in savings (outside of super). Your super balance should be around $280,000.00. Your total net worth (including super and any property equity) should be in the range of $600,000.00 to $1,300,000.00.
Am I earning enough for my age?
The "right" salary depends on your career stage, industry, location, and qualifications. The average for 50 year olds is $102,000.00. If you're below this, focus on upskilling, negotiating, or switching roles. If you're above it, focus on saving and investing the difference to build long-term wealth.
General information and estimates only — not financial, tax, or legal advice. Always verify with a licensed adviser or the ATO.