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
Information on this site may be regarded as general advice. That is, your personal objectives, needs or financial situations were not taken into account when preparing this information. Accordingly, you should consider the appropriateness of any general advice we have given you, having regard to your own objectives, financial situation and needs before acting on it. Where the information relates to a particular financial product, you should obtain and consider the relevant product disclosure statement before making any decision to purchase that financial product.