In Australia, superannuation is often seen as the backbone of retirement planning—but what if you’re someone who doesn’t have a large super balance or you’re planning for retirement without superannuation entirely? Whether you’re self-employed, moved to Australia later in life, or simply didn’t contribute much to your super fund over the years, there are still ways to build a comfortable retirement without relying heavily on your super.

Here’s how to do it—with smart strategies, practical planning, and a little creative thinking.

Is Retirement Without Superannuation Possible?

While superannuation offers tax benefits and long-term growth potential, it’s not your only option. A growing number of Australians are exploring alternative strategies—especially those with limited super balances or unpredictable income histories. Retirement without superannuation simply requires a shift in planning focus and a broader approach to wealth creation.

Build a Diversified Investment Portfolio

Investing outside of super can be one of the most effective ways to grow wealth for retirement. This might include:

Shares and ETFs: Regular investing in the stock market through direct shares or exchange-traded funds can provide long-term growth and dividend income.

Managed Funds: If you prefer a hands-off approach, managed funds offer professional portfolio management tailored to your risk appetite.

Bonds and Fixed Interest: These lower-risk investments can provide predictable income and stability.

The key here is consistency and time. The earlier you start building your investment portfolio, the more chance you have to benefit from compounding returns.

If you’re unsure how to get started or want to ensure your investments align with your retirement goals, speaking with a superannuation financial advisor can help you design a strategy that complements (or replaces) your super plan.

Invest in Property

Investing in property continues to be a popular retirement income strategy in Australia—and with good reason. Rental income can offer steady cash flow, while property values often grow over time, helping to build long-term wealth. Options include residential rentals, which can generate passive income well into retirement, or commercial real estate, which may offer higher returns but comes with more complexity and potential vacancy risks. Downsizing is another smart move for many—selling a larger home and moving into something smaller can free up valuable equity to support your retirement. Some retirees also choose to sell investment properties entirely to access a lump sum that can be reinvested into other income-producing assets.

Start a Business or Side Hustle

Retirement doesn’t have to mean the end of income. Many Australians are starting small businesses or side hustles that generate income with flexible hours and minimal stress. Think:

  • Consulting or freelance work
  • Online businesses or e-commerce
  • Airbnb or other short-term rental platforms
  • Creative hobbies like woodworking, crafting, or writing

This can not only top up your income but also keep you mentally and socially engaged during retirement.

Use Your Home as a Financial Asset

For many Australians, the family home is their most valuable asset—and it can be more than just a place to live. With the right strategy, your home can actively support your retirement. Options like reverse mortgages allow you to tap into your home’s equity while continuing to live there, providing a useful income stream. Renting out a spare room or granny flat can also generate additional earnings, especially if you live in a high-demand area. Government-backed initiatives such as the Home Equity Access Scheme offer another way to supplement your retirement income without needing to sell your property. Each of these strategies comes with important considerations, so it’s essential to seek professional advice to make sure it aligns with your financial goals and lifestyle.

Maximise Government Support

Even if you haven’t built up your super, you may still be eligible for the Age Pension or other government support.

In 2025, the full Age Pension sits at around $27,664 per year for singles and $41,704 for couples. Your eligibility is determined by income and assets, so if you don’t have significant super, you may qualify for more support.

It’s important to understand the means test rules and structure your finances to maximise benefits. This is where expert advice can make a big difference.

Revisit Your Spending and Lifestyle Goals

When planning for retirement without superannuation, being intentional about your lifestyle choices can make a significant difference. Simple adjustments—like relocating to a lower-cost area, downsizing your home, or embracing a more minimalist lifestyle—can help stretch your retirement funds further. Swapping overseas travel for local adventures and focusing on lower-cost hobbies can also ease the financial load while still bringing joy and fulfilment. The key is having a clear understanding of your needs versus wants, which allows you to budget more realistically and reduce financial stress throughout retirement.

Talk to Us

If you’re planning for retirement without superannuation, we’re here to help. Setch Group specialises in retirement planning for all walks of life. Our superannuation financial advisors can help you explore alternative strategies, protect your lifestyle, and build a future you feel good about.

Book a free, no-obligation appointment today and let’s talk about what retirement looks like for you—on your terms.