For Australian retirees
Can you retire at 65 with $1,000,000 in super?
Here's what the numbers say for a single homeowner in 2026, based on current ATO and Services Australia rules.
Retiring at 65 leaves a two-year gap before Age Pension eligibility. That's short enough to bridge without major risk, but the balance you carry into 67 still matters — it's the number Centrelink uses to calculate your payment. With $1,000,000, you're in self-funded territory. Your assets at 67 may exceed the Age Pension cutoff entirely, making your drawdown strategy the key lever in retirement.
Your super is projected to last past age 90. You appear to be in good shape.
Age Pension eligibility at 67
No pension — self-funded
With $1,000,000 in super, you likely wouldn't qualify for any Age Pension at age 67. Your retirement would be entirely self-funded — but the picture may change as your balance decreases over time.
Your super runway
Lasts until age 119
Currently showing ASFA comfortable standard for singles.
With Age Pension
Age 119
Without Age Pension
Age 107
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?