![\"A](\"https:\/\/www.newsbeep.com\/au\/wp-content\/uploads\/2025\/11\/investor-calculating-gains-16.9-1200x675.jpg\")
<\/p>\n<\/p>\n
Image source: Getty Images<\/p>\n
Vanguard says young Aussies are overestimating how much income they will need in retirement<\/a> to fund an enjoyable lifestyle. <\/p>\n The superannuation services provider conducted a nationally representative survey of more than 1,800 Australians aged 18 years and over in February to form the basis of its 2025 How Australia Retires\u00a0report<\/a>. <\/p>\n The survey showed that Australians under the age of 45 expect to need a minimum annual household income of $100,000 to fund their retirement. <\/p>\n This is vastly higher than the average $55,000 that retired couples reported spending over the past 12 months. <\/p>\n It’s also much higher than the estimated annual living costs published in Australia’s Retirement Standard<\/a>. <\/p>\n The Standard is compiled by the Association of Superannuation Funds of Australia (ASFA) and updated every quarter. <\/p>\n It is considered the definitive guide for retirement budgeting in Australia,. <\/p>\n ASFA says a comfortable retirement currently costs $75,319 per annum for couples and $53,289 for singles who own their own homes. <\/p>\n A modest retirement is cheaper at $49,992 for couples and $34,522 for singles who own their own homes. <\/p>\n Retirement costs more if you’re renting. <\/p>\n ASFA estimates that a modest retirement costs $66,269 per annum for couples and $49,044 for singles who rent their homes.<\/p>\n