Turning 50 is a quiet financial milestone. For many Australians, it is the point where retirement shifts from an abstract future idea to something that feels uncomfortably real.
With around 17 years until Age Pension eligibility, superannuation suddenly carries more weight. There's still time to make meaningful progress, but far less room for complacency.
That naturally leads to one big question: am I roughly where I should be by now for a good retirement? Let's find out.
What does a good retirement actually cost?
Before looking at balances, it helps to understand where you are going.
According to the Association of Superannuation Funds of Australia (ASFA), retirees generally fall into one of two lifestyle categories.
A comfortable retirement allows for more than just covering the basics. It includes private health insurance, regular leisure activities, reliable transport, and the ability to enjoy travel and time with family. That might includes flights with Qantas Airways Ltd (ASX: QAN) overseas.
As of the September 2025 quarter, ASFA estimates this requires annual spending of around $54,240 for singles and $76,505 for couples. To support that lifestyle from age 67, ASFA suggests a super balance of about $595,000 for singles and $690,000 for couples.
A modest retirement, by contrast, sits slightly above the Age Pension. It covers essentials and occasional leisure, but with limited discretionary spending.
For this lifestyle, ASFA estimates a super balance of roughly $100,000 for both singles and couples.
With those benchmarks in mind, the averages at age 50 start to carry more context.
So, what is the average super balance at 50?
There isn't a single official data point for exactly age 50, but we can make a reasonable estimate using the surrounding age brackets from ASFA data.
Australian women aged 45 to 49 hold average balances of approximately $147,000, whereas women aged 50 to 54 hold average balances of approximately $190,000. Based on this, we can assume that the average Australian woman has a balance of approximately $169,000.
For men, the averages stand at $193,000 and $254,000 for the two age groups. This would suggest that the average 50-year-old Australian man is sitting on a superannuation balance of approximately $224,000.
Is that enough?
Based on the Rest Super calculator, a 50-year-old woman earning $70,000 a year with a balance of $169,000 could expect to retire with superannuation of $369,000.
Whereas an Australian man of the same age and earning the same amount with $224,000 in super could see their balance grow to $465,000 by retirement.
That places many Australian singles below the level required for a comfortable retirement. But pleasingly, the average Aussie couple would be easily over what is needed.
Is there time to catch up?
At 50, time is no longer abundant, but it is still powerful.
Seventeen years of compulsory employer contributions, combined with investment returns, can materially change outcomes. Many people also reach their peak earning years in their 50s, creating opportunities to boost super through salary sacrifice or concessional contributions, where appropriate.
Investment settings also matter. While everyone's risk tolerance is different, being overly conservative too early can quietly limit growth. Even small improvements in long-term returns can have a significant impact over the final stretch to retirement.
Foolish takeaway
Being average with super at 50 doesn't guarantee a comfortable retirement, but it doesn't rule one out either.
What matters most from here is awareness and intent. Knowing where you stand today allows you to make informed choices about contributions, investment strategy, and expectations for retirement.
Superannuation isn't about hitting a perfect number by a certain birthday. It is about steadily improving your position, and at 50, there is still plenty of opportunity to do that.
