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Home Business News Revealed: How much do you need to retire?

Revealed: How much do you need to retire?

Close-up, senior female hands taking Australian banknotes (cash, currency) from purse containing many credit cards.  Horizontal, studio, copy space.
Image: Getty
BeyondImages via Getty Images

Retired Australian couples hoping to live a comfortable life need to be prepared to spend $62,562 a year as the cost of living increases, according to new figures.

In comparison, singles will need to have $44,224 set aside a year, the latest cost of retirement figures from the Association of Super Funds Australia (ASFA) has revealed.

Modest lifestyleComfortable lifestyle
SingleCoupleSingleCouple
$28,179$40,739$44,244$62,562

Cost per…

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