Retirement planning
07 October, 2025

Retirement in Australia: Feeling confident, staying connected

Retirement means different things to different people. For some, it’s a chance to slow down and enjoy the simple things. For others, it’s an opportunity to explore new interests, spend time with loved ones, or give back to the community.
The 2025 HILDA Statistical Report1 offers a helpful snapshot of how Australians aged 55 and over are experiencing retirement, and it shows that with the right support, this chapter can be one of the most rewarding. 

 

Feeling good in early retirement

The report found that Australians aged 65–74 are among the most satisfied with their lives. Many in this age group have settled into retirement with stable income sources, such as super, and have built strong social networks. These foundations help create a sense of wellbeing, security, and purpose. 

 

Getting ready: The 55-64 transition 

For those in the 55–64 age group, who may be newly retired or preparing to retire, the picture is a little more mixed. It’s a time of change that sometimes comes with challenges. Rising living costs, health expenses, and family responsibilities, like helping adult children or caring for grandchildren, can create financial pressure. That’s why it’s important to stay engaged with your finances, even after you’ve stopped working. 

 

Financial confidence through active management

The report shows that retirees who actively manage their money tend to feel more confident. This might mean reviewing your super drawdown strategy, checking fees, consolidating accounts, or using your fund’s online tools to track spending. Even small changes can make a big difference over time. 

 

The power of social connection

Another key insight is the importance of social connection. Retirees who stay involved in their communities, through volunteering, joining local groups, or simply keeping in touch with friends, report better mental health and a stronger sense of purpose. These connections help reduce feelings of isolation and contribute to overall wellbeing. 

Living well in retirement

Retirement isn’t just about winding down, it’s about living well, staying connected, and making choices that support the life you want. Whether you’re newly retired or well into this chapter, a little planning and connection can go a long way. 


Simple ways to support your retirement lifestyle

  • Log in to Member Online to review your super and income strategy each year 
  • Explore hobbies, clubs, or volunteering opportunities to stay socially active 
  • Use digital tools and calculators to stay on top of your finances 
  • Reach out to us for support 

 

Thinking beyond the numbers

Retirement is a major life shift, emotionally as well as financially. For support beyond the numbers, explore how to navigate the transition in Shifting gears: The emotional transition to retirement. 

 

1 The 20th Annual Statistical Report of the HILDA Survey. 
This is general information only and doesn’t take into account your objectives, financial situation or needs. Before making a decision about CareSuper, you should consider if this information is right for you.  
We're giving you this information in good faith. It comes from sources we think are reliable and helpful. However, we can't guarantee its accuracy and take no responsibility for this content, including any errors or omissions. 

 

 
Information correct as at 7 October 2025.

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