Australians Estimate They Need Nearly $650,000 to Fund Their Retirements

Current average superannuation savings will only last halfway through a person’s retirement.

Australian dollars are shown in Sydney, Australian, on March 10, 2015. Dominic Lorrimer/Getty Images

A recent survey has found that Australians may need twice as much of what they have in their superannuation accounts to fund their retirement.

The financial comparison website Finder surveyed 1,063 adults to find out the current situation among working Australians.