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My parents retired a few years ago (boomers) with over a million in super, from modest jobs as teachers. Just took planning and forethought.

I personally would like a scheme where you can opt out of super and be given the equivalent cash to use on paying off core assets like ppor etc. Proviso is that you then waive any entitlement to a future pension. Would have to be a limitation to stop people blowing their money on...

Too many people dont get their super sorted out till its too late/not at all, so there isnt enough to survive on. And rather than let its citizens starve to death, the govt pays the pension regardless. One of the perks of first world living. If you know there will be a pension handout safety...