Average Retirement Age In Australia: When Should You Retire?

Get a complete rundown of the retirement age in Australia, including the average retirement age, the intended retirement age and the key ages that will have the biggest effect on your retirement age.

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⏱ Timestamps
00:00 - Average Retirement Age In Australia
00:38 - Retirement Trends
01:05 - Average Retirement Age
01:32 - Retirement Affordability
02:03 - Superannuation Retirement Age
04:45 - Centrelink Age Pension Age
06:27 - Retirement Age Things to Consider

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-- Average Retirement Age In Australia: When Should You Retire? --

The retirement age trend in Australia is ever-changing. In fact, there are several definitions of retirement, which makes it difficult to define one single retirement age.

This video explains how understanding the various ages associated with accessing your superannuation, together with the Age Pension age, can help you better plan for retirement, know where your income will come from and ultimately allow you to determine your intended retirement age.

Plus, I’ve included 5 things you need to consider when determining what age you should retire.

#SuperGuy #ChrisStrano #Superannuation #RetirementPlanning

DISCLAIMER: The SuperGuy website and SuperGuy YouTube channel contains general advice only. It is not personal advice as it does not take your specific needs or circumstances into consideration. Therefore, you should look at your own financial position, objectives and requirements and seek personal financial advice before making any financial decisions.

General advice is provided by Toro Wealth Pty Ltd trading as SuperGuy Retirement Experts as an Authorised Representative of Core Value FA Pty Ltd (AFSL 480387).

Before acting on any information, you should seek professional advice and verify our interpretation/s before relying on the content or calculators within this website or on the videos, while also considering its appropriateness in relation to your personal situation.

[SuperGuyAu]

Hey everyone, thanks for watching! Ready to take control of your retirement? Download our FREE 6-Step Superannuation Check today:

[petercoburn]

I decided to retire at 62, I’m self funded and wanted to enjoy my nest egg while I was still of good health. So glad I did as my wife and I have travelled extensively over the last 10 years before health issues grounded us. Current inflation has eaten into our superannuation balance and it won’t be long before we’ll need to apply for government pension.

[garrylalor]

It better to run out of money than to run out of good health.

[maestrovso]

I am American and Youtube recommended this video. My interests are wide and deep and I watch everything from every parts of the globe. Most shocking here is how young the average retirement ages in Australia. I would not had guessed that.

[Bobbydazzlla]

I retired on my defined benefit, company pension 4 years ago at age 55. I should be paying over $11K tax per year but we mitigate that by transferring $27.5K from my wife's SRP super to mine. Luckily she is 8 years older than me so our planets aligned to do this. Our company pension allows us to do this after 50 years of age. We both retired at the beginning of covid after a combined 52 years service. I urge people to seek advice if you're in a similar situation. Bring on tax free 60 in 11 months.

[Buffalobob]

47 now and i intend on retiring at 60, my father passed away at 60 so i used that as my reason... we own our home outright so can self fund

[kevinvictor-sw]

I came across your channel through this video—case studies are incredibly valuable, and I'm eager to see more in the future! Building wealth involves establishing routines, like consistently setting aside funds at regular intervals for smart investments.

[zentriffid]

Im 63 . sometimes I work, mostly I dont. Im healthy, happy and busy. Not sure what retirement actually is but I know a few people who declared themselves retired and died within a few years.

[jamesmatheson]

Unless you have the funds, the health and more importantly something worth while doing ( a passion ) then without those 3 things, just stay at work.

[downtoearth]

Any who work physically should retire at 60

[dancier]

Thought I'd have to retire at 58 after my last layoff and a year long holiday overseas. Found an easy job and still working at 64, but will probably go at the end of the year. It's not a money thing, it's more about routine. I can cycle or walk to and from work. I wouldn't have the same activity level if I was retired. But work stops me from spending three months cycling in Asia each year during the cold Melbourne winter.

[arnolddavies]

I retired at 66. Would have retired at 58 if I hadn’t just missed out on winning the PB lotto in 2012.

[philliproberts]

Retire as soon as you can after 60 I know many people that have gotten cancer late 50s early 60s the pension in Australia is a lousy 450 dollars a week not long the pricks will put the pension agreement to 70 why because they don't want you to get the pension for long they actually want us dead once we can get there Free 450 dollars a week Australia is no longer the lucky country look at how many Aussies live in tents and cars while new arrivals live in house's 😮

[halfrousseau]

I've learned a hell of a lot from your videos Chris - thank you for posting!

[stevenhamilton]

When you’re employer’s slap a mandated experimental medical procedure on you

[paulphotios]

Totally depends on your health and financial situation. I am 70 in 3 months and still working full time. Financially we were well off however we acquired 2 grand children last year and i am the only one working and while i can continue to work i will. Maiin problem is things can change at any time especially health of either myself or other family members or in😂 the company i work for.

[mrdobalina]

My wife and I plan to retire early because we have no kids and don’t feel compelled to leave any legacy. Over the past few years our jobs have become much more flexible though which has tempted us to work longer and we’re comfortable with that because we feel we have a good work life balance.

[pattykake]

It’ll be 90 if the government have their way…⚰

[davidnobular]

When do I plan on retiring ?
There is a new class of worker called "Die-at-your-desker"
That's pretty much me.

[fnqwaz]

Have you or can you do a video on living overseas as an expat and receiving the pension..rules/ restrictions etc...cheers