Cost of a Comfortable Retirement – Updated September 2024
3.6% increase in income needed for a comfortable retirement due to rising living costs.
Annual Income Needed (Aged 65–84):
- Couples
- Comfortable: $73,031
- Modest: $47,475
- Singles
- Comfortable: $51,814
- Modest: $32,930
What a ‘Comfortable’ Retirement Includes:
- Owning your home
- Fresh food and toiletries
- Daily housing essentials
- Exercise and wellness activities
- Staying socially engaged
- Private health insurance
- One international flight every 7 years
Source: superannuation.asn.au/resources/retirement-standard