I’m going to be 66 this year. I rent a house, I work as a bookkeeper and I have very little super, almost $45,000 only.

What are my options for the near future? I’m worried.

The Association of Superannuation Funds of Australia has, for a long time, provided some retirement income estimates. For singles, this is:

$55,923 a year for a “comfortable” retirement

$36,434 a year for a “modest” retirement

The above figures assume you own your own home, i.e. you are paying no mortgage or rent.

Recently, it added a new category, one for renters:

$51,164 a year for a “modest” retirement for renters

While coming up with your own retirement number is the best approach, the above does provide a rough guide.

A single age pensioner can receive up to $31,223 a year in pension payments (including supplements). Depending on how much rent you pay,........

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