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Transition to retirement calculator

Super TTR

When transitioning to retirement, it is possible to reduce the hours you work without reducing your income, by tapping into part of your super. The calculator below is a useful and straightforward tool to help you work out how you could achieve this, by looking at your current and future retirement goals.

The purpose of this calculator is to provide you with an initial indication of what you might be able to achieve using a few basic strategies. Transition to Retirement plans can be complex. We recommend you speak to your Industry SuperFund before making a decision.

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Transition to Retirement Calculator

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The basics

This calculator is for working people planning a transition to retirement. Sorry this is a retirement planning calculator and you have indicated that you are already retired.
You have to be working for a transition to retirement pension. There are only 7 days in a week :)

Are you making extra super contributions?

We have reduced your 'before-tax' contribution amount as you have reached the annual concessional contributions cap of $27,500 (including employer payments). Please enter your extra take home pay. We have reduced your extra take home pay to stay within the maximum. Please enter your extra take home pay.

You said

I want to reduce my hours of work and top up my income from super

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Your income needs to be higher than $260 per year before this strategy could benefit you. You could try co-contribution to help build your super.

How a TTR strategy could work
less in your
and you could end up with
extra at retirement

Here's how

Make extra super contributions (Salary sacrifice)

We reduced the salary sacrifice to stay within the maximum. We reduced the TTR to stay within the maximum.

Take action

Suggested salary sacrifice
Per week ($0 annually)
Suggested income drawdown
Per week ($0 annually)
Change to your take home pay
Reduce from
per week ($6,200 annually) to
per week ($6,200 annually)

As the lead up to retirement is different for everyone it's important to seek financial advice before you decide whether a TTR strategy is right for you or implement any plans based on the results generated by this calculator. We recommend you speak to your Industry SuperFund before making a decision. Contact your fund now.

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How we came up with the numbers

Here’s how we worked out the initial numbers you saw when you reached this screen

Because you're 57, you can contribute up to $27,500 to your super before tax each year via salary sacrifice. It is called a concessional contribution, because you're getting a tax concession. These contributions are taxed at a flat rate of 15%, instead of your usual income and Medicare tax rate of 50%.

Your concessional contributions are made up of all your employer contributions, including Super Guarantee contributions which is usually an additional 11% of your salary. Based on the information you provided it looks like your employer is already paying $6,350, so you have an extra $28,650 you can contribute before reaching the limit.

Because you've turned 57, you are also eligible to withdraw from your superannuation account.

So... by salary sacrificing $28,650 and withdrawing only $20,000 each year, your take home pay doesn't really change, and you will have $5,730 high in your super account at retirement.

That sounds a lot like free money doesn't it? Well essentially it is, because this is a benefit from the Australian Government to assist people approaching their retirement age to prepare for retirement. That's why we call it "transition to retirement".

As your situation changes each year, you need to revisit your TTR settings regularly, and you'll need a financial planner to help you set this up. Speak to your Industry SuperFund about getting financial advice to get you started with TTR.

For transition to retirement to work for you, you would need a higher starting income. This is because your current income tax rate is below or equal to the Transition to Retirement contribution rate.

You could take a look at making after tax contribution to your super instead.


The "Transition to Retirement" outcome uses an actuary projection and the following assumptions, some of which you can change:



Investment returns


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

  • Superannuation Guarantee Contribution is currently 11% of ordinary time earnings and then increases to 12% as per current legislation
  • The "extra at retirement" results 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. You can adjust the inflation rate above to see the impact this will have on the projected amount.
  • The LISTO applies from 1 July 2017
  • Contribution tax of 15% is assumed
  • No tax is payable on fees
  • No contribution fee payable
  • The user is assumed to be in an accumulation fund, not a defined benefit fund
  • The user is assumed to be an Australian resident
  • Regular Medicare levy is used with no reduction or surcharge
  • The maximum super contribution base of $62,270 per quarter is applied. This is the sum, set by the Federal Government each year, which is the maximum income on which employers must pay the Super Guarantee. In 2023/24 it is $62,270 per quarter ($249,080 per year).
  • It is assumed the user will not take a break from the workforce
  • 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).


This calculator generates information illustrating the impact of making salary sacrifice contributions and effecting a Transition to Retirement Income Stream, based on certain assumptions. Some factors that may affect your retirement outcomes may not have been taken into account.

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 individual tailored financial advice whenever necessary.

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.

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.

TTR Calculator Q&As

  • What is Transition to Retirement?

    Transition to Retirement (or TTR) is a retirement strategy that can be used in different ways as you gradually move into retirement. You can use it to top up your income as you ease back on the hours you work. You can also use it to give your super a boost before you retire. The TTR calculator covers all of this.

  • What age can I start TTR?

    You may start using a TTR strategy when you turn 55, and enjoy a 15% tax offset, but the bigger tax-free benefits don’t begin until you’re 60, which is why most people wait until then to begin their transition to retirement.

    It’s a good idea to do a quick review every year in case your goals have changed.

  • What happens to TTR at 65?

    Your ability to use a TTR scheme stops when you turn 65, however, by then you can be enjoying a tax-free income stream through your super, even if you are still working.

  • I have not been salary sacrificing to super, does this make a difference?

    Yes it could. Normally, there are caps on how much you can salary sacrifice each year – but you may be able to carry forward your unused caps from previous years, which means you can salary sacrifice more than usual.

  • Does TTR vary by state?

    No. TTR is the same across Australia, so whether you live in NSW or WA, or you’re working in Vic with retirement dreams in Qld, the TTR rules and benefits are the same.

Need help planning your retirement?

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