Retirement and Retirement Intentions, Australia

In 2024-25:

• 156,000 people aged 45 years and over retired, with an average age of 63.8 years.
• There were a total of 4.5 million people aged 45 years and over who were retired (retirees).
• The average age at retirement of all retirees was 57.3 years.
• The average age people aged 45 years and over intend to retire is 65.6 years, a slight increase on 2022-23 (65.4 years).
• Government pension remained the most common main source of income for retirees.