What is the average return on super over 10 years?

What is the average return on super over 10 years?

about 8 per cent
“Over the last 10 years, the average [return has been] about 8 per cent. “Even though we’ve had the tail end of the GFC and we’ve had COVID-19, super — because it’s a diversified asset investments — has resulted in a really good return.

What is the average return of super in Australia?

‘ AustralianSuper’s Balanced option continues to perform. To 30 June 2021, it has returned 9.56% over 3 years, 10.44% a year over 5 years, 9.73% a year over 10 years, and 7.49% a year over 15 years.

Which Super has best returns?

Best Performing Industry Super Fund: UniSuper UniSuper’s Balanced Fund was named as the best-performing default (moderate risk) fund overall in 2021, outperforming the super fund benchmark by 1.5% and delivering an average return of 9.22% over 7 years.

How much super do I need to retire at 60?

ASFA estimates people who want a comfortable retirement need $640,000 for a couple, and $545,000 for a single person when they leave work, assuming they also receive a partial age pension from the federal government.

Does super double every 7 years?

“It’s normally between 10 to 15 years to double your investment … if you go off 15 years that gives you a pretty good idea of how your investments could perform,” she said.

What the average return on a balanced super fund?

The chart below shows the year-by-year performance of the median Growth fund over the 29 and a half years since the introduction of compulsory super in July 1992. Since then, the median Growth fund has returned 8% per year. The annual CPI increase over the same period is 2.5%, giving a real return of 5.5% per year.

What is the average return on super?

Over the past 29 years, Growth funds have returned 8.2% per year on average and the CPI has averaged 2.4% per year, giving a real return of 5.8%….Super fund performance: Calendar years (1993 to 2021)