1. Retirement Standard

ASFA Retirement Standard

The ASFA Retirement Standard is updated quarterly.

Figures for the June 2015 quarter will be released week commencing 3 August 2015.

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The ASFA Retirement
Standard »
Detailed budget breakdowns »

The ASFA Retirement Standard benchmarks the annual budget needed by Australians to fund either a comfortable or modest standard of living in the post-work years. It is updated quarterly to reflect inflation, and provides detailed budgets of what singles and couples would need to spend to support their chosen lifestyle.

Check what budget you will need in retirement with the ASFA Retirement Standard Calculator.

Table 1: Budgets for various households and living standards for those aged around 65
(March Quarter 2015, national)

   Modest lifestyle  Comfortable lifestyle

Single Couple Single Couple
Total per year $23,438 $33,799 $42,569 $58,444

Table 2: Budgets for various households and living standards for those aged around 85
(March Quarter 2015, national)

   Modest lifestyle  Comfortable lifestyle

Single Couple Single Couple
Total per year $22,798 $33,915 $38,075 $53,424

The figures in each case assume that the retiree(s) own their own home and relate to expenditure by the household. This can be greater than household income after income tax where there is a drawdown on capital over the period of retirement. Single calculations are based on female figures.

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