A Sydney woman has shared how she is still working in her 70s to keep up with the high cost of living in the pricey city. Millions of Aussies say they are worried about their retirement savings, and many are now planning to keep working.

The 74-year-old was stopped in the street by property app Coposit, which has gone viral online for asking people to reveal how much they have in savings. The woman shared that she had one savings account with around $100,000 in it.

“I don’t own my own house. I’m still working. It’s just money I put aside,” she told the platform.

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The woman, who works in the NSW health system, admitted that working in her mid-70s wasn’t the ideal situation.

“Not really loving it. At times I’m loving it. I like being active, I like working, I like getting out, and that’s good,” she said.

When asked what her “dream job” would be, she admitted it was “probably being retired” and said her current job was previously it.

She said the cost of Sydney was “really expensive” and rent prices were “appalling”, while increasing food costs meant she was cooking at home more to save money.

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More Aussies working in retirement years

While Australia doesn’t have a set retirement age, you have to wait until you're 67 to access the age pension.

KPMG research from last year found Aussies were retiring later in life, with the average retirement age for men now 66.2 years old and women 64.8 years old. This was the highest it had been since the 1970s.

Researchers believed the rise of flexible work and the tight labour market have contributed to this trend, but there are also people who said they were worried about not having enough retirement savings.

A Finder survey from earlier this year found one in six Aussies had either delayed their retirement or returned to the workforce in the last two years.

Nearly half of those cited the rising cost of living as the main driver behind their decision, while others said it was due to boredom or they had to return for an emergency.

Separate UniSuper research found four in five working Aussies planned to keep working in some way in retirement, be that through a new job, volunteering or flexible, hybrid work.

Finder superannuation literacy expert Pascale Helyar-Moray said retirement was now a luxury some Aussies couldn't afford.