Minimum drawdown rates
If you have an account-based pension, the government sets minimum annual drawdown rates based on your age:
| Age | Minimum drawdown |
|---|---|
| Under 65 | 4% |
| 65-74 | 5% |
| 75-79 | 6% |
| 80-84 | 7% |
| 85-89 | 9% |
| 90-94 | 11% |
| 95+ | 14% |
Planning for retirement income
Most Australians will need a combination of super and the Age Pension to fund their retirement. The ASFA Retirement Standard suggests a comfortable retirement requires about $70,482 per year for a couple or $50,004 for a single person (as of March 2024 quarter).
For more on retirement planning, see our guides on when you can access super and how the Age Pension interacts with super.
Important information
The information on SuperFind is general in nature and does not take into account your personal financial situation, needs, or objectives. It is not personal financial advice. Before making any financial decisions about your superannuation, consider whether the information is appropriate for your circumstances and consider seeking advice from a licensed financial adviser. Super fund data including fees and performance returns shown on this site were current as of April 2026 — always verify figures on the fund's website. Past performance is not a reliable indicator of future performance. Data sourced from APRA, ATO, and individual fund disclosures. SuperFind is a DecisionLab publication.