From smsmagazine.com.au: Retirees saw a modest cost of living increase of less than 1% in the December quarter of 2024, as expenses for some goods and services declined and stronger superannuation returns exceeded 10%.

According to the Association of Superannuation Funds of Australia, couples now require $73,077 annually for a comfortable retirement, while singles need $51,805.

The overall increase in the cost of a comfortable lifestyle over the past year was about 1.3%, which is half of the Consumer Price Index increase of 2.4% during the same period.