The results from the calculator are illustrative only and rely on certain assumptions that may not reflect current or future trends and if varied could change the result. The results therefore do not reflect actual entitlements or benefits and are not intended to be relied on for the purpose of making a decision in relation to a financial product.
Before making any financial decisions, you should consider obtaining financial advice that takes into account your objectives, financial situation and needs.
Rotate your device to see the graphs
Please tell us about any additional contributions you make. The sliders are limited by your maximum available contribution.
See how your investment choice can affect your retirement income.
Are you planning to work part time?
A transition to retirement strategy allows you to draw money from your super while you continue to work. You can top up your super by contributing some or all of your salary providing a tax-efficient way of saving for retirement. We’ll do these calculations for you to give you an idea of how much you could save.
Help us calculate your age pension eligibility. Your age pension payments are automatically included in your retirement income.
Disclaimer and assumptions
Now that you’ve taken a peek into the future, you may want to know more about how you start making the most of your super investment.
Active Super offers affordable financial advice and this can be particularly valuable if you’re starting to actively plan for your retirement. Just give us a call if you’re interested in talking with one of our financial planners.
For more information, visit activesuper.com.au or call 1300 547 873 between 8.30am and 6.00pm, Monday to Friday.
The Retirement Projection Calculator can assist you by providing an estimate of your superannuation account balance at your chosen retirement age, and how long it may last in retirement.
The results are general only and do not take into consideration your objectives, financial situation and needs.
Projections are based on the information that you have provided, and certain assumptions made about the future. The amounts projected by this model are illustrative only. They are not guaranteed and are not intended to be relied on for the purposes of making decisions in relation to a financial product.
The calculator contains default assumptions and the results could change if those assumptions are varied. We consider these reasonable as they are based upon statutory rates and requirements, Australian Bureau of Statistics data and fees charged for comparable Active Super products. The projections assume an investment in a superannuation account in accumulation and retirement phases, as well as a Government Age Pension in the retirement phase. You can choose to exclude the Government Age Pension from the projection or include other regular income in retirement. Other important assumptions are listed below and are based on current laws and their interpretation as of September 2024.
You should consider obtaining financial advice before making financial decisions to help consider your objectives, financial situation and needs.
The projection assumes future wage inflation (this is the long-term nominal wage growth) of 3.7% pa and future price inflation (Consumer Price Index) of 2.5% pa.
Results are expressed in today's dollars by discounting with wage inflation in the accumulation phase and price inflation in the pension phase.
Target income is also assumed to increase at this rate.
These assumed inflation rates and the approach to discounting are consistent with ASIC Corporations (Superannuation Calculators and Retirement Estimates) Instrument 2022/603.
The user's salary is assumed to increase in line with wage inflation. In any future periods where the user has a period of part-time employment, their salary is reduced pro-rata. Tax calculations allow for Personal Income Tax rates, the Medicare Levy, the Low Income Tax Offset and the Senior Australian Tax Offset. Threshold and Offset amounts in the first year are based on current rates. Thereafter they are indexed in line with wage inflation.
The employer contributions are calculated as a percentage of salary and are defaulted to the Superannuation Guarantee (SG) rates below:
| Financial year | Rate |
|---|---|
| 1/7/2024 – 30/6/2025 | 11.5% |
| 1/7/2025 onwards | 12.0% |
Superannuation guarantee contributions are generally subject to the maximum contribution base, which is currently $65,070 per quarter. This threshold is indexed annually in line with wage inflation.
Regular concessional or non-concessional contributions entered by the user are assumed to increase in each year in line with the user's salary. In any future periods where the user has indicated a period of part-time work, the user's contributions are assumed to be adjusted pro-rata in line with that proportion of part-time work. Contributions are assumed to be made in the middle of each year.
The amount of a one-off non-concessional contribution entered by the user is assumed to be fixed, and is not indexed.
Where a concessional or non-concessional contribution exceeds the corresponding legislated contribution thresholds, the contributions are taxed accordingly.
The concessional and non-concessional contribution thresholds are indexed in line with the assumed rate of wage inflation.
For more information visit https://www.activesuper.com.au/the-basics/grow-your-super/
In each projection year, the user's eligibility for a Government co-contribution is assessed based on their salary and non-concessional contributions. A co-contribution is made to the superannuation account if applicable. The co-contribution thresholds and maximum amount are indexed in line with wage inflation.
For more information visit https://www.activesuper.com.au/the-basics/grow-your-super/after-tax-contributions/
The calculator assumes the following investment returns for each investment strategy, and the investment returns are assumed to remain constant over the projection period.
| Investment strategy | Superannuation account (% p.a., after investment management fees and tax) | Pension account (% p.a., after investment management fees, nil tax) |
|---|---|---|
| High | 5.80% | 6.00% |
| Medium | 5.10% | 5.50% |
| Low | 4.10% | 4.50% |
Please remember the assumed investment returns are illustrative and not guaranteed. The investment return is an estimate only.
If you select the 'Default' investment strategy before retirement, your superannuation account investment option is assumed to change with your age, as per Active Super's default investment option, as follows:
| Investment option | Age* |
|---|---|
| High | Up to 49 years |
| Medium | 50 - 54 years |
| Low | 55 years and over |
* As you move from one age band to the next, your superannuation account and future contributions are assumed to be switched automatically to the investment option for your new age band.
The investment return assumptions for the pension account (which are net of investment management fees, nil tax) are consistent with the investment objectives of each investment option and market indicators, assuming future increases in the Consumer Price Index of 2.5% p.a. The investment return assumptions for the superannuation account are determined by applying an effective tax rate of 7.0% from the return assumptions for the pension account.
The investment returns you select with the sliders on the Super results page are assumed to be 'After Fees and Tax'. This means after investment management fees and tax levied within a superannuation fund on investment gains only. It does not take into account other taxes such as those payable upon withdrawal of a benefit.
The 'Investment returns' section above includes an implicit allowance for investment management fees assumed to apply to each investment strategy. The following additional default fees and insurance premiums are assumed to apply. You can change the assumed fees and insurance premiums under Edit assumptions at the bottom of this page.
| Superannuation account | Pension account | |
|---|---|---|
| Assumed administration fee | $66.04 per year | $66.04 per year |
| Assumed administration fee (% of investment) | 0.24% per year | 0.25% per year |
| Assumed insurance premiums | please refer to activesuper.com.au/the-basics/insurance-in-your-super/ for premiums | nil |
| Assumed advice fee | nil | nil |
Fees are assumed to be tax-deductible at 15% in the fund. Fees and insurance premiums are assumed to be deducted on a monthly basis.
Dollar Administration fees are assumed to increase in line with the level of general wage inflation. Insurance premiums are assumed to increase by 0.5% per annum, based on a reducing cover insurance model.
Life expectancies allow for future mortality improvements. They were derived based on the medium mortality rate assumptions in the Australian Bureau of Statistics in 'Population Projections 2006-2101'.
Current Age pension thresholds and rates of payment are allowed for, based on the Single/Couple and Homeowner status of the user. Thresholds and rates of payment are indexed in line with the Consumer Price Index.
The age pension is subject to an asset test and an income test.
The asset test is based on the accrued balance of superannuation assets and other assets.
The age pension income test is based on deemed, rather than actual, income on superannuation and other assets.
The transition to retirement (TTR) optimisation: assumes that the user continues working at the same rate; makes additional salary sacrifice contributions and draws a pension such that their net income remains constant; calculates the contribution and drawing level which maximises the benefit within the superannuation environment.
The drawings from superannuation in retirement are calculated as: Required income less other income (as entered by the user) less any age pension amounts (as calculated by the program).
There are statutory minimum superannuation drawings in both the TTR phase and in retirement (once funds have been converted to the pension phase). These statutory requirements require you to withdraw a minimum amount of superannuation each year. This minimum amount is calculated based on your account balance and a percentage factor, which varies by age. The calculator allows for these minimum withdrawal requirements.
The calculator works by allowing you to nominate a desired level of income in retirement. As a default this is set to 60% of the default salary. You can adjust this to an amount based on your actual salary or another amount that suits you by using the slider button on the right of the chart. If you choose a lower level of desired income, your super balance will last longer in your retirement, while choosing a high level of desired income might exhaust your super balance over fewer years (compared to a lower level of desired income).
As a result of the specific limitations above and the general limitations listed below, the projections generated by the calculator may be different to actual future outcomes:
To the maximum extent permitted by law, neither LGSS Pty Limited (ABN 68 078 033 497) (AFSL 383558) as Trustee for Local Government Super (ABN 28 901 371 321) (‘Active Super’) nor any of its related bodies corporate or their officers, employees or agents warrant the accuracy or reliability of the calculator and, to the maximum extent permitted by law, Active Super disclaims all liability to any person in respect of anything done or omitted to be done, and the consequences of such action or omission, by any person in reliance upon all or any part of the information obtained using this calculator.
Last updated: September 2024
| The projected balance of your fund at retirement is: | |
|---|---|
| Based on the provided assumptions, your estimated income at retirement would be: | |
| You are assumed to live until the age of: | |
| Your fund is projected to run out at age: |
| What you told us about you: | You | Spouse |
|---|---|---|
| Age | ||
| Gender | ||
| Salary | ||
| Current balance |
| Before tax contributions | ||
|---|---|---|
| After tax contributions |
| Target income | |
|---|---|
| Retirement age |
| One-off contribution | |
|---|---|
| Age to make one-off contribution |
| Age to start part time work | |
|---|---|
| Number of days per week | days |
| For how long | years |
| Transition to retirement strategy | |
|---|---|
| Assets outside super | |
| Marital Status | |
| Additional income | |
| Home owner | |
| Investment mix | |
| Wage inflation |
The Retirement Projection Calculator can assist you by providing an estimate of your superannuation account balance at your chosen retirement age, and how long it may last in retirement.
The results are general only and do not take into consideration your objectives, financial situation and needs.
Projections are based on the information that you have provided, and certain assumptions made about the future. The amounts projected by this model are illustrative only. They are not guaranteed and are not intended to be relied on for the purposes of making decisions in relation to a financial product.
The calculator contains default assumptions and the results could change if those assumptions are varied. We consider these reasonable as they are based upon statutory rates and requirements, Australian Bureau of Statistics data and fees charged for comparable Active Super products. The projections assume an investment in a superannuation account in accumulation and retirement phases, as well as a Government Age Pension in the retirement phase. You can choose to exclude the Government Age Pension from the projection or include other regular income in retirement. Other important assumptions are listed below and are based on current laws and their interpretation as of September 2024.
You should consider obtaining financial advice before making financial decisions to help consider your objectives, financial situation and needs.
The projection assumes future wage inflation (this is the long-term nominal wage growth) of 3.7% pa and future price inflation (Consumer Price Index) of 2.5% pa.
Results are expressed in today's dollars by discounting with wage inflation in the accumulation phase and price inflation in the pension phase.
Target income is also assumed to increase at this rate.
These assumed inflation rates and the approach to discounting are consistent with ASIC Corporations (Superannuation Calculators and Retirement Estimates) Instrument 2022/603.
The user's salary is assumed to increase in line with wage inflation. In any future periods where the user has a period of part-time employment, their salary is reduced pro-rata. Tax calculations allow for Personal Income Tax rates, the Medicare Levy, the Low Income Tax Offset and the Senior Australian Tax Offset. Threshold and Offset amounts in the first year are based on current rates. Thereafter they are indexed in line with wage inflation.
The employer contributions are calculated as a percentage of salary and are defaulted to the Superannuation Guarantee (SG) rates below:
| Financial year | Rate |
|---|---|
| 1/7/2024 – 30/6/2025 | 11.5% |
| 1/7/2025 onwards | 12.0% |
Superannuation guarantee contributions are generally subject to the maximum contribution base, which is currently $65,070 per quarter. This threshold is indexed annually in line with wage inflation.
Regular concessional or non-concessional contributions entered by the user are assumed to increase in each year in line with the user's salary. In any future periods where the user has indicated a period of part-time work, the user's contributions are assumed to be adjusted pro-rata in line with that proportion of part-time work. Contributions are assumed to be made in the middle of each year.
The amount of a one-off non-concessional contribution entered by the user is assumed to be fixed, and is not indexed.
Where a concessional or non-concessional contribution exceeds the corresponding legislated contribution thresholds, the contributions are taxed accordingly.
The concessional and non-concessional contribution thresholds are indexed in line with the assumed rate of wage inflation.
For more information visit https://www.activesuper.com.au/the-basics/grow-your-super/
In each projection year, the user's eligibility for a Government co-contribution is assessed based on their salary and non-concessional contributions. A co-contribution is made to the superannuation account if applicable. The co-contribution thresholds and maximum amount are indexed in line with wage inflation.
For more information visit https://www.activesuper.com.au/the-basics/grow-your-super/after-tax-contributions/
The calculator assumes the following investment returns for each investment strategy, and the investment returns are assumed to remain constant over the projection period.
| Investment strategy | Superannuation account (% p.a., after investment management fees and tax) | Pension account (% p.a., after investment management fees, nil tax) |
|---|---|---|
| High | 5.80% | 6.00% |
| Medium | 5.10% | 5.50% |
| Low | 4.10% | 4.50% |
Please remember the assumed investment returns are illustrative and not guaranteed. The investment return is an estimate only.
If you select the 'Default' investment strategy before retirement, your superannuation account investment option is assumed to change with your age, as per Active Super's default investment option, as follows:
| Investment option | Age* |
|---|---|
| High | Up to 49 years |
| Medium | 50 - 54 years |
| Low | 55 years and over |
* As you move from one age band to the next, your superannuation account and future contributions are assumed to be switched automatically to the investment option for your new age band.
The investment return assumptions for the pension account (which are net of investment management fees, nil tax) are consistent with the investment objectives of each investment option and market indicators, assuming future increases in the Consumer Price Index of 2.5% p.a. The investment return assumptions for the superannuation account are determined by applying an effective tax rate of 7.0% from the return assumptions for the pension account.
The investment returns you select with the sliders on the Super results page are assumed to be 'After Fees and Tax'. This means after investment management fees and tax levied within a superannuation fund on investment gains only. It does not take into account other taxes such as those payable upon withdrawal of a benefit.
The 'Investment returns' section above includes an implicit allowance for investment management fees assumed to apply to each investment strategy. The following additional default fees and insurance premiums are assumed to apply. You can change the assumed fees and insurance premiums under Edit assumptions at the bottom of this page.
| Superannuation account | Pension account | |
|---|---|---|
| Assumed administration fee | $66.04 per year | $66.04 per year |
| Assumed administration fee (% of investment) | 0.24% per year | 0.25% per year |
| Assumed insurance premiums | please refer to activesuper.com.au/the-basics/insurance-in-your-super/ for premiums | nil |
| Assumed advice fee | nil | nil |
Fees are assumed to be tax-deductible at 15% in the fund. Fees and insurance premiums are assumed to be deducted on a monthly basis.
Dollar Administration fees are assumed to increase in line with the level of general wage inflation. Insurance premiums are assumed to increase by 0.5% per annum, based on a reducing cover insurance model.
Life expectancies allow for future mortality improvements. They were derived based on the medium mortality rate assumptions in the Australian Bureau of Statistics in 'Population Projections 2006-2101'.
Current Age pension thresholds and rates of payment are allowed for, based on the Single/Couple and Homeowner status of the user. Thresholds and rates of payment are indexed in line with the Consumer Price Index.
The age pension is subject to an asset test and an income test.
The asset test is based on the accrued balance of superannuation assets and other assets.
The age pension income test is based on deemed, rather than actual, income on superannuation and other assets.
The transition to retirement (TTR) optimisation: assumes that the user continues working at the same rate; makes additional salary sacrifice contributions and draws a pension such that their net income remains constant; calculates the contribution and drawing level which maximises the benefit within the superannuation environment.
The drawings from superannuation in retirement are calculated as: Required income less other income (as entered by the user) less any age pension amounts (as calculated by the program).
There are statutory minimum superannuation drawings in both the TTR phase and in retirement (once funds have been converted to the pension phase). These statutory requirements require you to withdraw a minimum amount of superannuation each year. This minimum amount is calculated based on your account balance and a percentage factor, which varies by age. The calculator allows for these minimum withdrawal requirements.
The calculator works by allowing you to nominate a desired level of income in retirement. As a default this is set to 60% of the default salary. You can adjust this to an amount based on your actual salary or another amount that suits you by using the slider button on the right of the chart. If you choose a lower level of desired income, your super balance will last longer in your retirement, while choosing a high level of desired income might exhaust your super balance over fewer years (compared to a lower level of desired income).
As a result of the specific limitations above and the general limitations listed below, the projections generated by the calculator may be different to actual future outcomes:
To the maximum extent permitted by law, neither LGSS Pty Limited (ABN 68 078 033 497) (AFSL 383558) as Trustee for Local Government Super (ABN 28 901 371 321) (‘Active Super’) nor any of its related bodies corporate or their officers, employees or agents warrant the accuracy or reliability of the calculator and, to the maximum extent permitted by law, Active Super disclaims all liability to any person in respect of anything done or omitted to be done, and the consequences of such action or omission, by any person in reliance upon all or any part of the information obtained using this calculator.
Last updated: September 2024