Am I on track financially? Compare your finances to Australians your age

Question 1

What is the average net worth of Australians by age?

Answer

According to ABS data, median Australian net worth varies significantly by age. Australians aged 25 - 34 typically have a median net worth of around $150,000 - $200,000, largely from superannuation and savings. By 35 - 44, this rises to $350,000 - $550,000 as property equity builds. Australians aged 55 - 64 often exceed $1 million in net worth. Use our calculator above to see exactly where you rank against your age group.

Question 2

How much super should I have at my age in Australia?

Answer

ASFA benchmarks suggest targeting roughly 11x your annual salary in super by age 35, 21x by age 45, and 41x by age 55. On a $90,000 salary, a 35-year-old should aim for around $90,000 in super. Australia's Super Guarantee rate is 11.5% for 2024 - 25. Our tool compares your super balance to the median and distribution for Australians your age so you can see if you're on track.

Question 3

Am I saving enough money compared to other Australians?

Answer

The average Australian household savings rate hovers between 3 - 5% of income, though financial advisers typically recommend 20% of after-tax pay (the "20" in the 50/30/20 rule). My Financial Position benchmarks your monthly savings rate against Australians in your age group using ABS household data, giving you a percentile rank so you know exactly how your savings habits stack up.

Question 4

What is the average income in Australia?

Answer

As of 2024, median full-time earnings in Australia are approximately $75,000 per year before tax (ABS Average Weekly Earnings). Income varies by age: the 25 - 34 cohort typically earns $68,000 - $99,000, while 45 - 54 year olds range from $70,000 - $159,000 depending on percentile. Enter your income above to see which percentile you fall into for your specific age group.

Question 5

Is my financial position good for my age in Australia?

Answer

Whether you're financially on track depends on your age, income, and goals. My Financial Position compares your income, savings, superannuation, investments, and net worth against ABS and ASFA data for Australians your age. You get a percentile rank for each metric - if you're in the 65th percentile for net worth, you're ahead of 65% of Australians your age. It's completely free, anonymous, and takes under a minute.

Question 6

How do I compare my finances against the average Australian?

Answer

My Financial Position lets you compare your finances against real Australian averages by age group. Enter your income, savings, superannuation, investments, and debt - the tool benchmarks each against ABS and ASFA data and shows your percentile rank across income, net worth, super, cash savings, investments, and monthly savings rate. Unlike US-based tools, all benchmarks use Australian data. Free, anonymous, no login required. You can also track your financial milestones, run a 50/30/20 budget plan, or use the wealth forecast calculator.