What the Average Australian Actually Has in Super at 55, 60, 65 & 70 — and What the Age Pension Adds

The average super balance for Australians in their early seventies is almost half a million dollars. The typical person at that age has less than half that. Here's the real balance at 55, 60, 65 and 70 - median and average - and what the Age Pension adds at each age (at three of the four, nothing at all). Subscribe to get all the latest videos and information: https://www.youtube.com/@aussiewealthwithemma?sub_confirmation=1 TIMESTAMPS 0:00 The average super balance at 70 0:35 The Age Pension starts at 67 0:56 Where the numbers come from (median vs average) 1:26 Age 55 2:27 Age 60 3:02 The seven-year gap 3:31 Age 65 4:19 Age 70 4:32 Why four in ten have no super 5:35 The Age Pension at 70 6:34 All four ages on one card 6:53 Pension + super: the surprise 7:46 Fair to the bigger balance 8:26 Couples and renters 8:36 The ladder in one breath WHAT'S IN THIS ONE (Age Pension rates from 20 September 2026) - Median vs average super balance at every age (ATO data as at June 2024, analysed by ASFA, August 2026 - people with super only) - Age Pension age is 67, not 65 - At 55: super is locked until preservation age (60); on JobSeeker before pension age, super still in accumulation isn't counted - At 60: super unlocks once you've retired - and seven years of the full single pension (about $225,261) is more than the median balance - At 65: the average is twice the median; super is fully yours, retired or not; you can claim the pension in the 13 weeks before you turn 67 - At 70: only about six in ten still have any super - mostly because people took it out, not deaths (ASFA) - The Age Pension at 70 for a single homeowner: about $1,211.98 a fortnight on the median balance, about $668.45 on the average - The surprise: with the pension added (and the 5% minimum drawdown), every balance from $185,120 to $492,903 lands between about $41,436 and $45,426 a year - Why that isn't a reason to save less, and why more than half of people are below the average at every age THE EXAMPLES ARE ILLUSTRATIVE: single homeowner, 67 or older, $30,000 of car and contents, super in an account-based pension at the 5% minimum drawdown, Age Pension only. Couples and renters are assessed differently. ASFA budgets: June quarter 2026. Related videos: https://www.youtube.com/watch?v=bPFM-gEf2tk https://www.youtube.com/watch?v=ChXDFL_yl-U&t=38s GENERAL ADVICE DISCLAIMER This video is general information only. It does not take into account your objectives, financial situation or needs, and it is not personal financial advice. Centrelink outcomes depend on your own circumstances - check your position with Services Australia or speak with a licensed financial adviser before acting. A note on how this is made: Every script starts with real research and is checked against current ATO and Services Australia figures - that part isn't automated. AI tools produce the narration and visuals. I write, verify, and stand behind every word. Thanks for being here. #AussieWealth #Superannuation #RetirementAustralia #AgePension #SuperBalance #RetirementPlanning #Centrelink #ASFA