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gavin

Cost of a comfortable retirement

gavin · Mar 6, 2025 ·

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

  • Important information

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