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Retirement balance projection

Projects your retirement income too

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:

a) Salary sacrifice

b) Pay super contributions direct

Both allow you to make your own contributions to your super account and 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. 

Not sure what you will need?

Try the retirement needs calculator.

Retirement balance projector
Step 1. My Details
Step 2. My Projection
Step 3. Take Action

My information

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My contributions

My Projection
$42,191
Super runs out 84
Life expectancy 99
Try making an adjustment
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$0 into super each year tooltip

$0 into super each year tooltip

Start contributing today

Your super fund can help you start making extra contributions to your superannuation account.

Click logo for more info

Did you know?

Only 15 funds carry the Industry SuperFunds symbol

Purpose and assumptions

This calculator generates information illustrating how early additional contributions to your superannuation could make a difference to your balance at retirement. This is based on certain assumptions.

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.

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

Assumptions

The "My Projection" outcome uses an actuary projection and the following assumptions, some of which you can change:

Investment returns
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Inflation
Fees
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Fixed assumptions

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.

The outcome relies on the following fixed assumptions and settings which cannot be changed:

  • 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 9.5% 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
  • All amounts are in today's dollars which means they are adjusted for inflation
  • We assume that inflation is 2.5% each year due to the rising cost of living. You can adjust that rate above. Employer and voluntary contributions, fees and the concessional contribution cap increase with inflation.
  • We assume that you will satisfy the Work test at older ages and so are able to contribute
  • Life expectancy is based on The Australian Life Tables which are produced by the Australian Government Actuary
  • 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 ($25,000 in 2018/19), you pay contributions tax according to your adjusted taxable income on any additional superannuation contributions

Disclaimer

Purpose and assumptions

This calculator generates information illustrating how early additional contributions to your superannuation could make a difference to your balance at retirement. This is based on certain assumptions.

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.

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.

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