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Retirement income

Make the most of your income in retirement

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Retirement means different things to different people. For some, it’s a definite point in time when work stops, and a new phase of life begins.

For others, retirement may be a gradual process where they vary their working hours as priorities shift, or perhaps leave employment and then return.

How much money you’ll need to retire

Most people can now expect to live well into their eighties. This means that if you stop working at 65, you'll need retirement income for 20 years or more.

If you have a partner, talk to them about your expectations, future plans and the lifestyle you want.

See how much super you need to estimate how much super you’ll have and what you’ll need to retire.

Where your retirement income can come from

Whatever your path to retirement, one of the big challenges most of us face is how to pay for it. The money you use to fund your life in retirement will likely come from a range of different sources, such as:

The financial decisions of retirement are often complex. A licensed financial adviser can help you explore your options.

What you can do with your super

When you are eligible to withdraw your super, your main choices are:

Talk to your super fund for more information about these options.

Your decision may have tax implications and affect your Age Pension entitlements. Your super fund, a licensed financial adviser or a Services Australia Financial Information Service (FIS) officer can help you.

For general information about your retirement income options, explore the topics below.