For Australian retirees
Can you retire at 58 with $500,000 in super?
Here's what the numbers say for a single homeowner in 2026, based on current ATO and Services Australia rules.
At 58, you're looking at nine years before Age Pension eligibility — nearly a decade of fully self-funded retirement. The balance you carry into 67 shapes your Centrelink entitlements for the rest of your life. With $500,000, you're around the median super balance for Australians approaching retirement. A part Age Pension from 67 is likely — the exact amount depends on how much you spend before then.
Your super is projected to last past age 90, supported by the Age Pension from 67. You appear to be in good shape.
Age Pension eligibility at 67
Part pension — $1,027/fn
With $500,000 in super, you'd likely qualify for a part Age Pension of around $1,027 per fortnight from age 67. See below for what's limiting the amount.
Why not the full pension?
Your super and other assets are above the level where you'd get a full pension. Centrelink reduces your payment by $3 for every $1,000 of assets above the threshold — this is called the assets test taper. As your super balance decreases over retirement, you may become eligible for a larger pension.
Your super runway
Lasts until age 104
Currently showing ASFA comfortable standard for singles.
With Age Pension
Age 104
Without Age Pension
Age 74
Balanced returns (7%/yr), $50K cash, Age Pension from 67 (includes base rate + pension supplement + energy supplement). Adjust your spending to see the impact.
This is based on standard assumptions
Your situation is different.
The full tool reveals what this page can't show you:
- What if you work part-time through your 60s? (TTR pension scenarios)
- What if you add extra super contributions before retiring?
- What if your partner has super too? (couple scenarios)
- Your actual salary, super balance, and other assets — not fixed assumptions
- Year-by-year breakdown with your real numbers
Free. No sign-up required. Takes about 2 minutes.
Modelled outcomes only. Not financial advice. Projections assume a single person, homeowner, $45K annual spend in today's dollars, $50K in cash and investments, and a 7% p.a. balanced return. Age Pension amounts include base rate, pension supplement, and energy supplement — the full payment a pensioner receives. Estimates use 2025–26 Services Australia thresholds. Past returns are not indicative of future performance. Consult a licensed financial adviser before making retirement decisions.
What if you had more time or more savings?