Resources

The Association of Superannuation Funds of Australia provides numerous resources for the superannuation industry and general public.

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ASFA Retirement Standard

Since 2004 The ASFA Retirement Standard has served as Australia’s trusted retirement savings companion, providing a comprehensive breakdown of expenses for both a comfortable and modest lifestyle, for couples and singles to maintain a healthy, vital and connected lifestyle in retirement. It also estimates the superannuation balance required to achieve this.

ASFA Research and Resource Centre has created two separate documents to reflect the above information; the Detailed Retirement Expenditure Breakdowns estimating the weekly/annual expenses in retirement (with figures updated quarterly), and the ASFA Retirement Standard Explainer outlining the lump sums needed at retirement and how this is calculated.

Detailed Retirement Expenditure Breakdowns

How much you spend in retirement

The Detailed Retirement Expenditure Breakdowns list the weekly and annual expenditure required for both comfortable and modest lifestyles in retirement, for both couples and singles. Updated quarterly to reflect changes to the Consumer Price Index (CPI), the budgets assume that the retirees own their own home outright and are relatively healthy.

The budgets are shown for two age groups: retirees aged from 65-85 years, and for retirees over 85 years old.

You can view the current March 2022 comfortable and modest lifestyle expenditure here.

Download here »

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Weekly/annual expenditure breakdowns (March quarter 2022)

Comfortable retirement lifestyle for retirees

The comfortable retirement standard allows retirees to maintain a good standard of living in their post work years. It accounts for daily essentials, such as groceries, transport and home repairs, as well as private health insurance, a range of exercise and leisure activities and the occasional restaurant meal. Importantly it enables retirees to remain connected to family and friends virtually – through technology, and in person with an annual domestic trip and an international trip once every seven years.


The modest retirement standard budgets for a retirement lifestyle that is slightly above the Age Pension and allows retirees to afford basic health insurance and infrequent exercise, leisure and social activities with family and friends.

Both budgets assume that the retirees own their own home outright and are relatively healthy.

Budgets for various households and living standards for those aged around 67

Comfortable lifestyle (total per year)
Single Couple
$46,494 $65,445
Modest lifestyle (total per year)
Single Couple
$29,632 $42,621

(March quarter 2022, national)

Budgets for various households and living standards for those aged around 85

Comfortable lifestyle (total per year)
Single Couple
$43,638 $60,528
 Modest lifestyle (total per year)
Single Couple
$27,582 $39,468

(March quarter 2022, national)

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.

ASFA Retirement Standard Explainer

How much you need for retirement and how it is calculated

The ASFA Retirement Standard Explainer shows the lump sum amount needed by the average Australian to fund a comfortable and modest retirement (for both couples and singles) and the methodology behind the calculations. 

Download here »

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ASFA Retirement Standard Explainer

Helpful Super Guru retirement calculators and tools

How is your
retirement tracking?

Use the ASFA Retirement Tracker tool.

How much super
should I have today?

Find out with the Super Balance Detective tool.

Retirement Standard
Media Releases 2021

Media Release 2 June 2022
Cost of living pressures hurt retirees too

Media Release 10 February 2022
Inflation increases pressure on Australian retiree budgets

Media Release 10 November 2021
Living costs for Australian retirees rise at fastest pace in a decade

Media Release 24 August 2021
Cost of retirement rises again in the June quarter with higher petrol, health and food costs

Media Release 20 May 2021
Cost of retirement up in the March quarter as petrol, eating out and entertainment costs rise

See all media releases

Media enquiries

Please contact the ASFA Media Unit.

The ASFA Retirement Standard methodology was last reviewed in April 2018 and figures are updated quarterly to reflect changes to the Consumer Price Index (CPI). More information on the calculation of Retirement Standards is available here.

The ASFA Retirement Standard for those aged 85 and over was first included in 2015. More information on the calculation of Retirement Standards for those aged 85 and over is available here.