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With the life expectancy of Australians increasing over the years, most of us can assume we’re going to live longer than previous generations. But are our expectations on the money, or way off the mark? We bring you five important facts everyone needs to know about life expectancy.

Back when compulsory super started in 1992, living to age 80 was considered a long life. Fast forward thirty years, and improvements in medical care and living standards have seen our lifespan extend by over a decade. A 65-year-old today can expect to live well into their 90s and could spend over three decades in retirement.

Understanding your life expectancy is a crucial part of any good retirement plan. Living just a couple of years longer than you expect could leave you without enough income for later in life. But it’s not an exact science and no one really knows how long they’re going to live. However, you can make a more informed estimate with the right information. Here are five important facts you need to know about life expectancy.

Read the Five Facts