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Super Calculator

How much super will you have when it’s time to retire?

Calculate the answers and see how your actions can change your retirement.

Women thinking about options
Super balance projection calculator
How much super will I have when I retire and will it be enough?
My details 1 of 3
Please enter an age between 16 and 75
Please enter an annual income between $1 and $999,999
Include my partner?
Please enter an annual income between $1 and $999,999
Women thinking about options
My assets 2 of 3
Please enter an investment asset value between $1 and $10,000,000
Please enter an investment asset value between $1 and $10,000,000
Will you own your home when you retire? tooltip
My super projection 3 of 3
Projected balance at retirement 
Combined projected balance at retirement 
$XXX,XXX
Your super will last until 
age XX

Your projected balance is over the transfer balance cap of $1.7 million. After you retire, any amount over the cap will be kept in your accumulation account. This calculator assumes your super drawdown will only be taken from your pension account.

Yearly income breakdown

Projected yearly income at retirement

Income from super Combined income from super
Partner's income from super
Age pension
Your income from super
$XX,XXX
Partner's income from super
$XX,XXX
Age pension
$XX,XXX
Total
$XX,XXX

The age pension amount will change as your super balance and other assets decrease.

So in the future, your income breakdown will look more like this.

Projected yearly income 10 years after retirement

Your income from super
Partner's income from super
Age pension
Your income from super
$XX,XXX
Partner's income from super
$XX,XXX
Age pension
$XX,XXX
Total
$XX,XXX
  • Adjust your retirement settings
    Please enter a yearly retirement income between $1 and $999,999
    Include Age Pension?
Chart

Want to see a detailed yearly breakdown of your retirement income projection?

View chart (best on large screen)

Want a more comfortable retirement for longer?
Add extra to your super now to boost your retirement balance
  • Make extra contributions to your super
    Please complete at least one of the contribution fields.
  • Make extra contributions to your partner's super
    Please complete at least one of the contribution fields.
With these extra contributions, your retirement balance will increase:
from $XXX,XXX to $XXX,XXX.
ChartScroll back to the top to view updated chart.

Disclaimer

Purpose and assumptions

This calculator projects how much super you're likely have when you retire and the income you may get from your super and Age Pension. It also demonstrates how things like your retirement age, fees and additional contributions to your super can make a difference to your balance at retirement. This is based on certain assumptions.

The assumptions used in this calculator are, in our opinion, reasonable for the purposes of working out the estimates. The assumptions are based on objective evidence on long-term net returns, fees, relevant economic forecasts and analysis on wages, prices and productivity.

Limitations

Your retirement outcome will be affected by many things including the amount of contributions you make, fees, investment returns and regulatory changes. Some factors that may affect your retirement outcomes may not have been taken into account.

Outcome is based on your contributions being made annually, at the mid-year point, on your fees being deducted annually and your investment returns being credited to your account annually.

With the exception of fixed statutory assumptions, you can alter default assumptions to the extent that they can be reasonably expected to change. It should be noted that any change to the assumptions will apply for the whole of the calculation period. Any changes made to the default assumptions is likely to impact the final results. Over time small changes can have a significant impact on final results.

While we have made every effort to ensure these assumptions are reasonable, you should review them to match their own expectations/circumstances and not take them as the most appropriate assumption in all cases.

This is a Model, not a Prediction

The tool is not intended to be relied upon for the purposes of making a financial decision. Consider a fund’s PDS and your objectives, financial situation and needs, which are not accounted for in this information before making an investment decision. You are responsible for your own investment decisions and should obtain specific, individual advice from a financial services licensee before making any financial decisions.

Variable assumptions

The projected outcome uses the following assumptions and settings. These can be adjusted to suit your own situation. If you have included your partner, these assumptions and settings apply to both of you.

Investment returns
tooltip Please enter a figure between 0% and 20%
tooltip Please enter a figure between 0% and 20%
Inflation
Please enter a figure between 0% and 10%
Please enter a figure between 0% and 10%
Please enter a figure between 0% and 10%
Fees
Please enter a figure between 0% and 5%
Please enter a figure between $0; and $1,000;
tooltip Please enter a figure between 0% and 5%
Please enter a figure between $0; and $1,000;

Fixed assumptions

The outcome relies on the following fixed assumptions and settings which cannot be adjusted.

  • This calculator works for accumulation funds only. It will not work for defined benefit funds.
  • This calculator does not allow self-employed people to project their retirement balance.
  • Outcome is based on your contributions being made annually, at the mid-year point, on your fees being deducted annually, insurance premiums being charged annually and your investment returns being credited to your account annually
  • We assume that your super is invested in a balanced option. Investment returns can be adjusted above.
  • Superannuation Guarantee Contribution is currently 11% of ordinary time earnings and then increases to 12% as per current legislation
  • The LISTO applies from 1 July 2017
  • Contribution tax of 15% is assumed
  • No contribution fee payable
  • No tax is payable on fees
  • We assume that insurance premiums are tax deductible within super
  • We assume that you have provided your Tax File Number to your superannuation fund
  • The projected amounts are shown in today's dollars (present value), which means they are adjusted for an assumed annual inflation rate of 4% between now and your retirement and 2.5% after you retire. You can adjust the inflation rates above to see the impact this will have on the results.
  • We assume that you qualify for the Government co-contributions if you make after tax contributions and the total income used to determine if you qualify for any co-contributions is equal to your annual salary before tax and are below the income limit
  • We assume that when you exceed the concessional contributions cap ($27,500 in 2023/24), you pay contributions tax according to your adjusted taxable income on any additional superannuation contributions
  • This calculator does not consider eligibility for a downsizer superannuation contribution (a one-off post-tax contribution for over 55 year olds of up to $300,000 from the proceeds of selling their home)
  • The Transfer Balance Cap is $1.9 million as at 1 July 2023. This is the maximum amount that can be transferred into your pension/retirement account. Any balance in excess of this cap is assumed to be retained in an accumulation account. This calculator applies a super drawdown to the pension account only.
  • This calculator applies drawdowns on your super pension account based on minimum drawdown rules. In some instances, this may result in super income (shown in the chart) exceeding your target income.
  • This calculator assumes you are eligible for the Age Pension if you qualify for the assets and income test according to Services Australia. You can choose to remove Age Pension from the results in the "Adjust your retirement settings" section.
  • If you include your partner in this calculator, it is assumed that you are of similar age and will both be retiring at the same age.
  • From 1 July 2025, an additional tax of 15% will apply to earnings if your total superannuation balance exceeds $3million.

Super Balance Calculator Q&As

  • How much super will I have?

    This calculator estimates what you’ll retire on when the time comes, and how much income you could receive. It also shows how adding even a small amount extra each year into your superannuation can make a huge difference to your retirement lifestyle down the track.

  • Not the super amount you were expecting?

    Were you banking on having more in retirement than the projector has estimated? There are two excellent ways to boost your retirement and save on tax now

    Both allow you to make your own contributions into your super account and generally take advantage of lower tax rates. You can also make payments into your partner’s super account, so you’ve both got more to spend when you retire. 

    You might also choose to delay full retirement by transitioning to retirement instead. This gives you the option of reducing your work hours, while topping up your work income with a bit of super.

  • Does the calculator include the age pension?

    Yes, it does. If there’s a chance that you’ll qualify for the Commonwealth age pension when you turn 67, this will be taken into account and shown in yellow on the results graph.

  • How long will my super last in retirement?

    The superannuation calculator not only provides an estimate of how much super you’ll have, but also gives you a good idea of how long it’ll last. You can then adjust your retirement settings and see how those changes will affect the duration of your super. Depending on your potential eligibility, the calculator can also include the Australian age pension.

  • How long will my money from super and investments last in retirement?

    The calculator can take investment income etc into account when providing an immediate estimate on how long your money will last. The calculator lets you include investments and other assets to get a more complete picture of your retirement income from all sources – even the age pension if you’re potentially eligible.

  • I need a divorce superannuation calculator

    Every divorce settlement is different, with conditions set out by agreement between the individual parties rather than via a calculator such as this one. Remember though, it’s handy to know how much both you and your partner have in super when arranging a divorce settlement.

  • Is the calculator specifically for superannuation in Australia?

    Yes it is. Australia’s superannuation system and laws are not like those in other countries, which is why the super balance calculator has been specifically designed to take into account many uniquely Australian factors, such as the age pension criteria, cost of living, tax benefits, investment returns and lifestyle.

Need help planning your retirement?

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