Australians still intending to retire between 65 and 66

Australians are still intending to retire, on average, between their 65th and 66th birthdays, according to data released by the Australian Bureau of Statistics (ABS).

Bjorn Jarvis, ABS head of labour statistics, said: “While the average age that people intend to retire has risen over time, it hasn’t changed much in the last ten years. This average has been between 65.0 and 65.6 years for nearly a decade, since 2014-15.

“On average, men intend to retire slightly later than women, but this gap is closing. In 2022-23, there was around half a year difference between men and women, compared to a year difference a decade ago, and a two-year difference around ten years before that.”