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Retirement costs increase again

Financial Standard

|

March 24, 2025

Despite a near 10% fall in electricity prices in the December quarter, the Association of Superannuation Funds of Australia (ASFA) data indicates the cost of maintaining a comfortable retirement has increased further over the past 12 months.

- Matthew Wai

The cost of a comfortable lifestyle rose by 1.3%, with singles aged over 65 now requiring $51,805 per year and couples needing around $73,077 per year.

However, the figures are a slight drop from six months prior in the same category for singles ($52,085) and couples ($73,337).

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