Retirement: Your Complete Guide & Resource

Retirement is the ability to cover your lifestyle and travel expenses without the need to generate an income through personal exertion, due to receiving adequate income from investments, superannuation and/or social security.

Retirement can come at any age, provided the income generated from investments is sufficient to cover your expenses. However, for most Australians, retirement age typically occurs between late 50s and late 60s. This is because it is the age when you become eligible to access your superannuation via a retirement income stream, which may also be supplemented by other sources of income, such as personal investments or Age Pension entitlements.