A key organisation representing Australia's superannuation industry says a rise in everyday expenses are driving an increase in how much money is needed for retirement.
The Association of Superannuation Funds of Australia is calling on Australians to contribute more to their super funds.
It suggests that in 2006 an average person owning a home needed $35,000 a year for a comfortable retirement.
Now, taking into account every day expenses such as power, food and health care, that figure has risen to $58,000.
