$275K Thinking about retiring at 60 with $275,000 in super? You’re not alone many Australians reach retirement age with a modest balance. But is it enough? Let’s break down how long it might last, what lifestyle it supports, and how to build a smart plan that helps you enjoy retirement not stress about it.
Is $275K Enough to Retire?
On its own, $275K is not enough to fully self-fund retirement from 60 to 90.
But here’s the good news:
If you own your home, live modestly, and become eligible for the Age Pension at 67, retirement at 60 is still possible with the right strategy.
You’ll need to carefully manage your spending and likely supplement your income later with Age Pension support.
📉 How Long Will $275K Last?
Assuming moderate, inflation-adjusted investment returns (~2.44%), here’s how long your super could last under different spending levels:
| Annual Spending | How Long It Might Last |
|---|---|
| $20,000/year | ~16–18 years |
| $25,000/year | ~13–15 years |
| $30,000/year | ~11–12 years |
That means your super may last until your mid-to-late 70s, and can be supported by the Age Pension from age 67 onward.
Budgeting for a $25K–$30K Lifestyle
Here’s how retirees typically allocate a $25K–$30K annual budget:
| Spending Category | % of Budget |
|---|---|
| Groceries & Essentials | 22% |
| Utilities & Bills | 13% |
| Healthcare | 15% |
| Transport & Car Expenses | 12% |
| Leisure & Entertainment | 10% |
| Communications & Insurance | 10% |
| Personal Items & Clothing | 8% |
| Emergency/Buffer Savings | 10% |
With careful management, this can support a modest but comfortable lifestyle — especially for single retirees or couples who own their home.
Age Pension from 67 – Your Safety Net
Most Australians retiring with under $300K will be eligible for the Age Pension at 67, depending on assets and income.
| Pension Type | Annual Amount |
|---|---|
| Single | ~$28,500 |
| Couple (combined) | ~$43,700 |
This income can take over once your super runs low and ensures long-term sustainability in retirement.
Common Pitfalls to Avoid
- Spending too much in early retirement
- Underestimating inflation or healthcare needs
- Not planning for aged care costs
- Failing to restructure super for retirement phase
- Waiting too long to seek advice
How Wealthlab Can Help You Retire Confidently Even on $275K
At Wealthlab, we help Australians retire smarter even with modest balances like $275K.
Here’s what we do:
✅ Stretch your super with sustainable drawdown strategies
✅ Help you qualify for maximum Age Pension
✅ Minimise tax and optimise income
✅ Protect against unexpected costs
✅ Build a custom retirement roadmap that gives you peace of mind
Turn Your $275K Into a Secure Retirement Strategy
You don’t need a million to retire you just need the right plan.
👉 Book your free Wealthlab consultation today, and let’s help you build a more confident, comfortable, and abundant retirement.