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Will you have enough super to retire comfortably?

This calculator projects how much superannuation you will have when you retire. We have used the ASFA Retirement Standard to determine if your super will allow you to have a modest or comfortable budget in retirement.

Age

Income*

$

Current balance

$

$0

Estimated retirement balance†

Retirement projections gauge Retirement projections gauge MODEST (owns home) MODEST (renter) COMFORTABLE $110,000 $340,000 $630,000 $0 $2m

What sort of retirement lifestyle will you have?

Calculator: The Conversation · Based on the MoneySmart Superannuation calculator

* - Income is before tax and before superannuation contributions.
† - Estimate only, rounded to the nearest thousand. Calculator doesn't factor in tax deductions, caps, extra contributions, among other things.

Assumptions
  • Retiring at age 67
  • Your age as of July 1 of this year
  • Employee contributions fixed at 12% and contributions taxed at 15%
  • A 'balanced' investment option, averaging an annual 6.2% return
  • Superannuation returns taxed at 15%
  • No additional contributions
  • Only calculated for a single person, not a couple
  • Inflation of 2.5% and an additional 1.2% for costs of rising living standards, used to track wage growth over time
  • Annual admin fees of $59, investing fees of 0.08%, and insurance premiums of $521. Admin fees and insurance premiums increase with inflation
  • Income, tax and fees calculated on a monthly basis.