Australian Bureau of Statistics shows that a survey found of the 2.3 million people who gave an age that they intended to retire, 17% intended to retire at 70 years and older, 49% between 65 and 69 and 25% between 60 and 64 years. The average intended retirement age was 63.4 years.

Close to half of the 3.7 million people aged 45 years and over, who indicated that they intend to retire   reported that their main expected income at retirement would be 'superannuation, annuity or an allocated pension.

Close to half of those who had already retired reported ‘government pension or allowance’ as their main source of income at retirement, while 27% of people aged 45 years and over who were intending to retire, indicated that this would be their main expected source of income at retirement.

The report shows that the average age at retirement for recent retirees for those that retired less than five years ago, was 61.5 years of age.  The average age of retirement for men in this group was 63.3 years, while the average age of retirement for women was 59.6 years.