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The table and chart below show the annual calendar year performance of the median Growth fund over the 27 years since the introduction of compulsory super. Average super balance for men (AUD) Average super balance for women (AUD) 15 to 19 years. * Based on the AustralianSuper Balanced investment option compared to the SuperRatings Fund Crediting Rate Survey — SR50 Balanced (60–76) Index, periods to 30 June 2020. 25 to 29 years. Mean and median balance (2017-2018) Characteristics Age $ Median Males 15+ 168,500 65,000 Females 15+ 121,300 45,000 Males 25-34 41,700 31,600 Females 25-34 31,600 20,000 Males 55-64 332,700 183,000 Females 55-64 245,100 118,600 Source: ABS. Why and how to pay yourself super. Super for self-employed people. Super investment options. 4 min read. Covering the Victorian suburb of Portsea and its surrounds, the postcode has an average super balance of over $1.48 million. Source: Association of Superannuation Funds of Australia, Superannuation account balances by age and gender 2015-16, October 2017, pg. It has been 27 years since the introduction of compulsory super and the average consolidated balance for singles approaching retirement (that is, those aged 60 to 64) exceeded $300,000 in 2016-17. A single person will need about $50,000 a year, and a super pot of $780,000. Women are in a particularly bad position, with Gen X women typically having substantially lower super balances than Gen X men. Asset allocation doesn’t matter 3 min read. Those numbers will increase as the compulsory super system continues to mature and balances compound. 382: 594: 20 to 24 years. Generation X women are much further behind on their super . Does your super stand up to the test? 2 min read. Based on taxation data from 2016-17 released by the Australian Tax Office, the postcode 3944 is at the top of the list. Covers those with balance greater than zero. 9. Choose the right investment options for you. The average super balance for Australians aged between 55 and 64 in 2017-18 was $332,700 for men, and $245,100 for women based on ABS data. Returns from equivalent investment options of the ARF and STA super funds are used in calculating returns for periods that begin before 1 July 2006. Super contributions optimiser. 5,924: 5,022. Watch out if you don't own your own home in retirement. This is because the average super balance for a 60- to 64-year-old man is $292,510 and for a woman $138,154 at 2013-2014, according to ASFA. Around 16.7 million Australians currently have a super account. Super fund performance: Calendar years (1993 to 2019) For your reference we have also included below the average super fund returns over 27 calendar years. 23,712: 19,107 Nonetheless, Australians’ super balances mostly fall well short of even half a million dollars. Super contributions. The balances for those nearing retirement were better, but still short. 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