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Retirement

Retirement Income Calculator

Estimate the annual income your savings can sustainably support — and how long a target income will last.

Retirement income calculator

Estimate the sustainable income your retirement savings can support — and how long a target income will last.

Sustainable income to age 90
$43,118 / yr
Target income lasts until age
79

Balance drawdown (real, today's dollars)

Uses real (after-inflation) returns. Excludes Age Pension entitlements and tax.

Disclaimers
  • This is a model based on a set of assumptions — it is not a prediction. Do not rely on these estimates to make financial decisions.
  • Projected amounts are estimates only and are not guaranteed. Actual outcomes depend on personal circumstances, life events, age pension entitlements, investment earnings, tax and inflation.
  • The calculator assumes all assumptions remain steady and predictable — reuse it and update your inputs as your circumstances change.
  • Consider your own needs, financial situation and objectives and speak with a licensed financial adviser before acting.
General assumptions
  • Works for account-based pensions funded from accumulation super only — not for defined benefit accounts.
  • You are assumed to have retired on or after your preservation age.
  • Your balance is assumed to receive all income and outgoings mid-year.
  • Results are shown in today's dollars (adjusted for inflation).
  • Projected balances and income are shown at 1 July after you reach the indicated age.
Drawdowns and income
  • The calculator solves for the drawdown required to deliver a steady annual income until your chosen end age.
  • Minimum drawdown rules are applied each year, which may result in a higher payment being taken in some years.
  • Only income from your account-based pension is included — Age Pension and other investment income are not included in the projection.
Transfer balance cap
  • There is a cap on the amount of super you can transfer into an account-based pension. This is $2,100,000 at 1 July 2026 and is indexed with CPI inflation in $100,000 increments.
  • The calculator does not allow for balances above the transfer balance cap.
Inflation
  • CPI inflation of 2.5% p.a. — used to inflate your retirement income and to convert future values to today's dollars.
  • Wage inflation of 3.7% p.a. — used to inflate dollar-based administration and adviser fees.
Investment returns (gross of tax, net of investment fees)
  • Cash 4.3% p.a. · Conservative 5.6% · Moderate 6.3% · Balanced 6.7% · Growth 6.9% · High Growth 7.2%.
  • Actual returns vary year to year and can be negative, particularly for growth-oriented options. The calculator does not model that variability.
Tax and fees
  • Assumes your tax file number (TFN) has been provided to your fund. No allowance is made for tax on benefits taken before age 60.
  • Default admin fees of $69 p.a. (in today's dollars) plus 0.14% p.a. of your account balance. Fees are assumed to be tax deductible within super and are charged mid-year on average.
  • Adviser service and other fees can be added under Advanced settings.

Assumptions and disclaimers adapted from ASIC MoneySmart.