The latest retirement survey is being described as a wake-up call.
The Retirement Expenditure Guidelines report shows 47 percent of retirees are just scraping by.
It shows that a two-person household in Auckland or Wellington needs $241 a week for a no-frills retirement and $761 for a few luxuries.
Housing costs such as rent are not included.
David Ireland from Workplace Savings says the data is sobering but will help people to properly plan for their retirement.