If you were born in 1965, you can retire when it is affordable to do so.
For most people, retirement becomes affordable when they can access their superannuation.
Retirement income can also be supplemented if you become eligible for the Centrelink Age Pension.
Therefore, if you were born in 1965, it is important to know the age you can withdraw your super and the age you become eligible for social security payments.
What Age Can I Retire If I Was Born in 1965?
You will be eligible to access your superannuation prior to being able to collect social security.
When it comes to superannuation, reaching your superannuation preservation age will guarantee you, at least, limited access to your super.
What is My Superannuation Preservation Age?
Your preservation age is not necessarily your full retirement age.
You can use this calculator to figure out your superannuation preservation age.
The table below also shows your superannuation preservation age if you were born in 1965.
| Date of Birth | Preservation Age (in Years) |
|---|---|
| Before 1 July 1960 | 55 |
| 1 July 1960 – 30 June 1961 | 56 |
| 1 July 1961 – 30 June 1962 | 57 |
| 1 July 1962 – 30 June 1963 | 58 |
| 1 July 1963 – 30 June 1964 | 59 |
| After 30 June 1964 | 60 |
As you can see, your superannuation eligibility age is 60, if you were born in 1965.
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What Does Superannuation Preservation Age Mean?
Once you reach your superannuation preservation age, you can convert your super accumulation savings into a transition to retirement income stream.
In fact, you can access your super while you are still working.
A TTR income stream/pension is a type of income stream that allows you to receive an income between minimum and maximum thresholds each year.
Simply reaching your preservation age does not, in itself, allow to make lump sum super withdrawals.
However, if you have reached your superannuation preservation age and are either:
- Retired with no intention of returning to full-time or part-time work; or
- Had an employment arrangement come to an end after reaching age 60;
then you can have full access to your super.
Full access to your super means that you can make lump sum withdrawals from your super account, or can start an income stream pension with no maximum threshold.
If you have not satisfied points 1 or 2 above, your full retirement age for accessing super is 65.
Age 65 becomes the age that you get full access to your superannuation savings.
The superannuation preservation age and full retirement age is the same for both men and women.
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Born in 1965: When Can I Collect Social Security?
If you were born in 1965, you can get social security once you reach age 67.
The Age Pension age is the same for both men and women.
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Being Age Pension age does not guarantee that you can collect social security payments.
Social security payments are generally subject to an assets test and income test, as well as a residency test.
If you have served or been in the Defence Force, you may be eligible for payments from the Department of Veteran Affairs (DVA).
When Can I Retire If I Was Born In 1965?
The retirement age calculator below shows your superannuation preservation age, full retirement age and Age Pension age if you were born in 1965.
It allows you to calculate the age you can collect social security, as well as when and how you can access your super.
Retirement age calculator – Australia.
Hopefully this helped you determine when you can retire if you were born in 1965.
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