For Australian retirees
Can you retire at 60 with $600,000 in super?
Here's what the numbers say for a single homeowner in 2026, based on current ATO and Services Australia rules.
Retiring at 60 is the milestone most Australians target — when super first becomes accessible, while you're still healthy and active. Seven years of fully self-funded living lie between now and the Age Pension, so your starting balance has to stretch further than at any later retirement age. With $600,000, you have a substantial balance. Whether you qualify for any Age Pension depends on how quickly you draw it down before 67 — the assets test cutoff for a single homeowner is $722,000.
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 — $376/fn
With $600,000 in super, you'd likely qualify for a part Age Pension of around $376 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 111
Currently showing ASFA comfortable standard for singles.
With Age Pension
Age 111
Without Age Pension
Age 81
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?