Australians are retiring at their oldest age since the early 1970s. Over the past two decades, the expected retirement age for men rose from 63 to 66 years old. While women's expected retirement age increased from 61 to 64 years old. In the capital cities, greater Melbourne has the highest age for men at 66.8-year-old while Perth has the highest retirement age for women at 65.6 years old.