🇦🇺 FREE EBOOK FOR AUSTRALIANS PREPARING TO RETIRE 🇦🇺
Disclaimer: The information on this page is provided by Finextra Wealth Pty Ltd (ABN 69 609 439 232), Corporate Authorised Representative No. 1237495 of Alliance Wealth Pty Ltd (AFSL 449221). It is general advice only and does not consider your personal objectives or financial circumstances. Always seek professional advice before acting.
7 Retirement Income Strategies for Australians Approaching Retirement
Gain clarity on whether income from your Super and other sources may be enough for your retirement lifestyle, and what to consider if it’s not.
Backed by 30+ years of founder expertise
Licensed under Alliance Wealth Pty Ltd (AFSL 449221)
Trusted by hundreds of Australians and families
Download Free eBook
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Disclaimer: The information on this page is provided by Finextra Wealth Pty Ltd (ABN 69 609 439 232), Corporate Authorised Representative No. 1237495 of Alliance Wealth Pty Ltd (AFSL 449221). It is general advice only and does not consider your personal objectives or financial circumstances. Always seek professional advice before acting.
In this eBook, you’ll Learn:
- How retirement income actually works in Australia today.
- Insight into the real cost of retirement in Australia today, including common lifestyle-based income ranges.
- How inflation, longevity, and withdrawal rates impact income.
- The 7 retirement income strategies every Australian should understand.
- How super income streams, account-based pensions, and the Age Pension can work together.
- The common risks that quietly reduce long-term retirement income.
Even after decades of super contributions, many Australians are still unsure whether their retirement income will support the lifestyle they want.
According to industry data, Australians nearing retirement often hold very different super balances. Those aged 60–64 have an average balance of around $355,000, while Australians aged over 75 average closer to $490,000. These figures alone highlight how varied retirement positions can be.
What these numbers don’t show is how income is actually generated from super, how long that income needs to last, or how factors like inflation, longevity, and withdrawal rates affect what a balance can realistically provide over time.
Because of this, many Australians don’t know whether they’re on track or what options may be available to them until much later, when there’s less flexibility to adjust.
Finextra Wealth’s eBook is designed to help you understand how retirement income works in Australia today. It explains how super and other income sources can generate income, outlines the strategies Australians commonly use, and highlights the risks that can quietly reduce long-term outcomes.
The earlier you gain this clarity, the more informed your decisions can be about supporting the retirement lifestyle you’re aiming for.
And the truth is, most Australians don’t know if they’re on track until it’s too late.
According to current data, the average Australian nearing retirement (aged 60-64) has around $355,000 in Super, with those aged over 75 having an average of about $490,000.*
Experts recommend having a Super balance between $595,000 and $700,000 to maintain a comfortable lifestyle in retirement, which means many Australians face a shortfall of roughly $100,000 to $300,000.
And the cost of catching up?
- Working 5 -7 extra years
- Missing out on valuable time with family
- Putting dreams of travel, freedom, and rest on hold
The good news? Most people don’t need to earn more; they just need to optimise what they already have.
Finextra Wealth’s eBook gives you clear, practical insight into how much income your super and investments could generate, and what you can do now to strengthen that number.
Starting early gives your money more time to compound and support the lifestyle you want.
*Source: AFSA Superannuation account balances report (October 2025). https://www.superannuation.asn.au/
We help everyday Australians better understand their retirement options and plan with confidence.
“Heath has been our adviser for the last 7 years. We are very comfortable knowing he is only a phone call away, he visits us at home and has designed a retirement plan for us which is delivering better than expected results. Heath is never in a rush and takes whatever time is necessary to make sure we understand each step”
Dino & Vanda A
“I engaged Heath a few years ago to help me with my personal protection needs. He gave me great advice and as a result, I have a policy which suits my specific requirements. I also have no hesitation in referring my own clients to Heath. He is able to explain often complex strategies in language they can understand.”
Tim F
“Since working with Heath and Finextra Wealth, I feel far more confident about my future. I may never be among the super-rich, but I know I won’t be left behind. Heath gives clear, strategic advice on my super and tax, checks in regularly, and listens when plans need adjusting. He’s pragmatic, approachable and easy to deal with.”
Susan A
About Finextra Wealth
Heath Hebenton
Founder
Finextra Wealth is a Sydney-based financial advisory firm founded by Heath Hebenton, focused on helping Australians make informed financial decisions and plan confidently for the future.
With more than 30 years of advisory experience, Finextra Wealth combines deep expertise with a personal, partnership-driven approach.
The firm works with individuals and families who want greater clarity around their finances, from understanding super and investments to planning for a comfortable and sustainable retirement over the long term.
Download the free eBook now and schedule a free personalised strategy call with Heath.
Heath Hebenton
Founder
Phone: (02) 8705 5454
Address: Suite 11.12, Level 11, 66 Clarence St, Sydney NSW 2000
Email: [email protected]