Your early-60s are a turning point for your superannuation, as this is when your focus shifts from wealth accumulation to preservation.

By age 63, you’ve passed your preservation age (60 years old), which means you can access your superannuation if you’ve quit working. 

And you’re just four years away from potentially receiving the Age Pension.

The question is: How does your super compare to others your age?

And is it enough to retire on?

Let’s take a look.

The average superannuation balance for Australian men aged 63 in FY27

There aren’t exact figures for the average balance at age 63, but the Association of Superannuation Funds of Australia (ASFA) provides a good starting point.

The data shows that the average Australian male aged 60 to 64 has around $395,852 in their superannuation.

And the average superannuation balance for Australian women the same age

Women in the same age bracket have a lot less. The average balance for Australian women aged 60 to 64 is around $313,360. That’s a gap of around $83,000 compared to men the same age.

That’s because women are more likely to take extended periods out of the workforce. Whether that’s for a career break, to have children, or to care for family. Overall, women are more likely to have periods where they receive little to no compulsory employer superannuation.

Time out of the workforce or reduced hours means women don’t get the same benefit from compounding, which overall contributes to a lower super balance. 

How does your super balance stack up with men and women the same age as you?

And most importantly, have you got enough to retire on?

How much does it cost to retire?

ASFA estimates that it’ll cost single Australians around $55,923 per year to retire comfortably. Couples living together will need to have closer to $78,566 per year combined to finance a comfortable retirement.

These figures also assume you’ll start your retirement at age 67. It also assumes that you’ll receive a part Age Pension around this time and that you own your home outright.

How do I know if I’m on the right track?

In order to fund a comfortable retirement, ASFA calculates that single Australians will need around $630,000 in their superannuation at age 67. Meanwhile, couples will need around $730,000 combined at the same age.

To reach this goal, at 63, all Australians should aim to have around $562,000 stashed away in their superannuation.

As you can see, the amount you need to retire comfortably is significantly higher than the $395,852 or $313,360 average superannuation balances at the same age.

Why is the gap so large?

A quick calculation shows that the average Australian is behind by up to $249,000 at age 63.

Part of the reason is that Australia’s compulsory Superannuation Guarantee only began in 1992. That means many people aged around 63 probably didn’t earn any super through their early working lives. 

There is also a common misconception that accumulating superannuation alone is enough to be able to fund retirement. The reality is, while superannuation is a great tool to help, you need to contribute extra if you want to reach your goal. 

The power of compounding returns means the more money you can invest when you’re younger, the more impact it will have on your final balance.

The post The average superannuation balance at age 63 in Australia. How does yours compare? appeared first on The Motley Fool Australia.

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Motley Fool contributor Samantha Menzies has no position in any of the stocks mentioned. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. has no position in any of the stocks mentioned. The Motley Fool Australia has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.

When it comes to superannuation, it pays to start planning as early as possible, so you know exactly what you’re in for as you approach retirement.

Figures released by the Association of Superannuation Funds of Australia show that on average, people do not have enough in their superannuation for what they deem to be a comfortable retirement.

If you’re keen to figure out how much you can expect to have in your superannuation when you retire, be that at age 60 or later, there are plenty of calculators around; however, I’d suggest the Federal Government’s MoneySmart website as the one to use.

How much income can I generate from my superannuation?

Looking at a lump sum of $800,000, the good news is that it’s well above the $630,000 ASFA says you need for a comfortable retirement as a single person.

Keep in mind that ASFA assumes you own your own home and draw a part of the Age Pension.

So how much could you expect to earn from your $800,000 in investments?

If you are simply drawing dividends and not drawing down any of the capital, the sums are quite simple.

If you can earn a 10% yield – which would be ambitious – you would earn $80,000, while if you were earning a 5% yield, the amount would be $40,000.

I’d suggest a yield somewhere between these two is achievable, so let’s assume a 7.5% return, which would return $60,000.

What makes this even more realistic is that once you are retired, your tax rate on your superannuation drops to zero, and you get the full benefit of franking credits.

This means that if a share pays a 5% yield, the retiree receives a yield of 7.14% once franking credits are added back in.

Franking credits compensate shareholders for tax already paid by the company.

Which shares generate good income streams?

So, what are some shares that might be worth owning if you’re aiming for these sorts of returns?

A consistent high dividend payer is Universal Store Ltd (ASX: UNI), which is currently paying right on 5%, while Regal Partners Ltd (ASX: RPL) just declared an improved first-half dividend and is paying an annualised rate of 9.7%.

The Betashares Australian Dividend Harvester ETF (ASX: HVST) is paying 5.54%, while another dividend-focused fund, WAM Income Maximiser Ltd (ASX: WMX), is paying 4.29%.

Among the blue-chip shares, BHP Group Ltd (ASX: BHP) is paying 3.72%, while Telstra Ltd (ASX: TLS) is paying 4.43%, and Woodside Energy Group Ltd (ASX: WDS) is paying 4.89%.

So as you can see, there are plenty of companies paying healthy dividends, which can help you attain your income aspirations.

The post How much passive income can I earn off my $800,000 superannuation balance? appeared first on The Motley Fool Australia.

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Motley Fool contributor Cameron England has no position in any of the stocks mentioned. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. has no position in any of the stocks mentioned. The Motley Fool Australia has positions in and has recommended Telstra Group. The Motley Fool Australia has recommended BHP Group and Universal Store. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.

The Ingenia Communities Group (ASX: INA) share price will be on watch on Wednesday after the company beat both EPS and EBIT guidance and posted a 45% jump in statutory profit. Revenue also grew by 8% for FY26, supporting continued delivery on the Group’s five-year plan.

What did Ingenia Communities report?

• Statutory profit of $186.4 million, up 45% on FY25
• Group revenue of $555.3 million, up 8% year on year
• EBIT of $193.4 million, exceeding guidance and up 18%
• Underlying EPS of 35.8 cents, up 16% and above guidance
• Distribution per security maintained at 9.6 cents
• 573 new home settlements, a 10% lift on the prior year

What else do investors need to know?

Ingenia continues to scale its portfolio, with an enlarged development pipeline now supporting up to 8,800 potential new land lease home sites. The company reported steady recurring rental income and strong demand underpinning tourism and residential communities.

During FY26, Ingenia invested $240 million in growth initiatives, including $174 million in development. Notably, ongoing asset sales (totalling around $125 million) aim to further boost capital flexibility.

Operating cash flow rose 5% year on year to $152.5 million, despite higher borrowing costs. The company’s balance sheet remains sound, with gearing at 31% and available liquidity to fund upcoming projects and acquisitions.

What did Ingenia Communities management say?

Ingenia CEO and Managing Director John Carfi said:

Two years into the delivery of our strategic plan, this result shows the benefit of ongoing focused execution and builds on the progress achieved in Year 1, demonstrating clear progress against our financial and strategic goals. Underlying EPS and EBIT exceeded guidance, development returns improved and our recurring revenue base continued to grow.

We remain on track to achieve our Year 3 and Year 5 goals, subject to market conditions, supported by a streamlined operating structure, ongoing refinements to the platform and a stable corporate cost base that enables disciplined execution.

What’s next for Ingenia Communities?

Ingenia is targeting EBIT and underlying EPS growth of 0–10% for FY27, citing moderate market activity and buyer sentiment in the near term. The Group expects to benefit from its flexible business model, strong demand for affordable housing, and targeted capital recycling to support new growth.

Looking ahead, Ingenia will focus on scaling development, integrating new acquisitions, and optimising its operational platform. The company remains confident that continued execution of the five-year plan and a diversified revenue base will support growth, even as some cost and market challenges persist.

Ingenia Communities share price snapshot

Over the past 12 months, the Ingenia Communities share price has underperformed the S&P/ASX 200 index (ASX: XJO) with a decline of almost 30%.

View Original Announcement

The post Ingenia Communities posts strong FY26 with profit up 45% and guidance exceeded appeared first on The Motley Fool Australia.

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Motley Fool contributor James Mickleboro has no position in any of the stocks mentioned. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. has no position in any of the stocks mentioned. The Motley Fool Australia has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips. This article was prepared with the assistance of Large Language Model (LLM) tools for the initial summary of the company announcement. Any content assisted by AI is subject to our robust human-in-the-loop quality control framework, involving thorough review, substantial editing, and fact-checking by our experienced writers and editors holding appropriate credentials. The Motley Fool Australia stands behind the work of our editorial team and takes ultimate responsibility for the content published by The Motley Fool Australia.