Is $1,000,000 in Super Good at 50?

See how $1,000,000 compares to the average, your projected retirement balance, and what to do next.

Last verified: 1 July 2025

Ahead

With $1,000,000 in super at age 50, you are 372% above the average ($212,000) and 758% above the median ($116,600).

Your Balance

$1M

Average at 50

$212K

Median at 50

$116.6K

ASFA Target

$690K

Projected Balance at 67

Projected at 67

$3,491,890

Gap to ASFA Comfortable

+$2,801,890

Assumes 7% annual return, 12% employer SG on $90,000 salary,17 years to retirement.

You're On Track

With $1,000,000 at age 50, your projected balance of $3,491,890 at 67 exceeds the ASFA Comfortable standard by $2,801,890. You may want to consider optimising your investment allocation or exploring transition-to-retirement strategies as you get closer to retirement.

Frequently Asked Questions

Is $1,000,000 in super good at 50?

At age 50, $1,000,000 in super is ahead. The average balance is $212,000 and the median is $116,600. Your balance is 372% above the average.

How much more super do I need at 50?

With $1,000,000 at age 50, you're projected to reach $3,491,890 by 67, which exceeds the ASFA Comfortable standard of $690,000. You're in a strong position.

Should I salary sacrifice at 50?

You're already well-positioned for retirement. Salary sacrifice can still provide tax benefits — contributions are taxed at 15% in super vs your marginal rate. The concessional cap is $30,000/year.

Other Balances at 50

$0 $10K $20K $30K $50K $75K $100K $150K

$1M at Other Ages

Age 25 Age 30 Age 35 Age 40 Age 45 Age 55 Age 60 Age 65

General information and estimates only — not financial, tax, or legal advice. Always verify with a licensed adviser or the ATO.

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