Retirement Calculator

Your details

Basic information used across all calculations

Primary

Your current age

Retirement age

Life expectancy Avg Australian: 83M / 87F

Current annual salary (before tax)

Employment type

Partner details

Optional — include if planning jointly

Partner

Partner current age

Partner retirement age

Partner annual salary Leave 0 if not applicable

Your superannuation

Current balance and contributions

Your super

Current super balance ($)

Super fund name

Employer contribution rate (%) SG rate: 11.5% (2024–25)

Your voluntary contributions ($/mo)

Contribution type

Expected super return rate (% p.a.) Long-run diversified fund avg: 7–8%

Super fee (% p.a.) Industry funds: ~0.5%; retail: ~1.2%

Partner superannuation

Leave balance at 0 if not applicable

Partner super

Partner super balance ($)

Partner employer contribution (%)

Partner voluntary contributions ($/mo)

Partner super return rate (% p.a.)

Super growth preview

Cash savings & investments

Assets outside of superannuation

Asset / accountCurrent value ($)Exp. return (% p.a.)

Total assets $0

Investment property

Equity and rental income to include in retirement planning

Property current value ($)

Outstanding mortgage ($)

Expected capital growth (% p.a.) Melbourne long-run avg: ~5–6%

Annual rental income ($)

Include at retirement?

Home equity

Primary residence — equity you could access if needed

Home current value ($)

Outstanding mortgage ($)

Target retirement income

How much do you want to spend each year in retirement?

Target

Annual income target ($) ASFA comfortable standard: $73,337/yr (couple)

Income in today's dollars?

Annual holiday / travel budget ($)

Healthcare / aged care buffer ($/yr)

Government Age Pension

Australian Age Pension eligibility and entitlement

Govt benefit

Pension eligibility

Estimated annual pension ($) Full couple: ~$42,352/yr (2024). Leave 0 to exclude.

Age Pension eligibility Pension age is 67 for those born after 1 Jan 1957. Subject to assets test (couple threshold: ~$1.03M) and income test. Visit Services Australia to check your entitlement.

Other retirement income

Rental, dividends, part-time work, inheritance etc.

Income sourceAnnual amount ($)Starts at age

Total other income $0

Economic assumptions

Adjust these to model different economic conditions

Inflation rate (% p.a.) — 3.0%

3.0%

RBA target band: 2–3%

Investment return — accumulation phase (% p.a.) — 7.0%

7.0%

Balanced super fund long-run average: 7–8%

Investment return — retirement phase (% p.a.) — 5.0%

5.0%

Conservative / pension phase portfolio

Salary growth rate (% p.a.) — 3.0%

3.0%

Affects future super contributions

Drawdown strategy

How will you draw down your super in retirement?

Drawdown method

Drawdown rate (% p.a.) — pension phase Minimum pension: 4% from age 65; 5% from 75

Leave inheritance / estate ($) Target amount to leave to beneficiaries

Lump sum at retirement ($) One-off withdrawal (e.g. pay off mortgage)

Australian tax note Super withdrawals after age 60 are tax-free. Salary sacrificed contributions are taxed at 15% (concessional). The concessional cap is $30,000/yr (2024–25) and non-concessional cap is $120,000/yr.

Projected total retirement balance

at retirement

Your super at retirement

from super fund

Partner super at retirement

from partner's fund

Other assets at retirement

investments + property

Monthly income available

in retirement

Funds last until age

–

based on drawdown

Shortfall / surplus

vs target income

Super balance over time

Annual income in retirement

What-if scenarios

See how different decisions change your retirement outcome

Scenario comparison — balance at retirement