According to the Australian Bureau of Statistics, Australia’s life expectancy estimates are at their highest level, and remain among the highest in the world. The average life expectancy is 82 years, being a little lower than Japan and Hong Kong, but higher than Canada, New Zealand, the United Kingdom and the United States.
For those approaching retirement age, say 65 years, males on average live a further 19 years and females a further 22 years.
Life expectancies play an important part in planning for retirement and act as a helpful measure to plan how long you want your capital to last. You can read more about retirement planning here.
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