The average superannuation balance by age is between $15,600 and $74,100, peaking at 323,700 for people aged 55-64.
According to the most recent Australian Bureau of Statistics (ABS) data, from the 2013/14 financial year and released late in 2015, these are the average superannuation balances by age:
Average superannuation balance by age (2013/14)
|Age Range||Average Superannuation Balance|
However there is considerable differences in average superannuation balances based on gender, as a different set of ABS statistics shows.
Average superannuation balance by age and gender (2013/14)
|Age Range||Average Super Balance – Male||Average Super Balance – Female|
|15-24||$ 6,724||$ 4,219|
|25-34||$ 30,760||$ 25,015|
|35-44||$ 77,949||$ 53,660|
|45-54||$ 151,473||$ 90,847|
|55-64||$ 321,993||$ 180,013|
|65-69||$ 354,564||$ 249,183|
|70+||$ 302,309||$ 248,619|
Note that these statistics use slightly different age brackets.
The ABS statistics also showed that the average superannuation balance across all ages was higher than previously thought, with the average superannuation balance for ‘all households of $159,900 in 2013/14. There are also indications the superannuation gender gap is slowly closing.
Average superannuation balance for SMSFs
According to the most recent ATO SMSF statistics the average balance per Self Managed Superannuation Fund (SMSF) member for the 2013/14 financial year was $564,086.
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