Approved Financial Planners Launches Retirement Tool for Australians 45+ as $630,000 Gap Shapes Planning
Updated
Updated · Markets Insider · Jul 21
Approved Financial Planners Launches Retirement Tool for Australians 45+ as $630,000 Gap Shapes Planning
2 articles · Updated · Markets Insider · Jul 21
Summary
Approved Financial Planners has released a retirement planning assessment for Australians aged 45 and older, designed to show how far they are from their goals and what steps to take next.
The tool targets a widening planning gap as longer retirements, inflation and market swings increase pressure on savings, while compulsory superannuation alone often falls short of a comfortable retirement.
ASFA estimates a single homeowner aged 67 needs $630,000 in super and couples need $730,000 as of February 2026, underscoring the shortfall between mandatory contributions and retirement needs.
Research cited in the launch says 75% of Australians who started planning before 40 report a comfortable lifestyle, versus 44% who began after 60; advised clients also report stronger retirement readiness.
The firm says the assessment complements professional advice rather than replacing it, aiming to move Australians from awareness to action across early-career, mid-career and pre-retirement stages.