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This calculator has been designed as an educational tool. It provides an estimate of superannuation savings at retirement age and an approximation of what your retirement income may be, based on those savings. For details of how the calculator works see below or click here. For a summary of the basic assumptions, click here.


How does the super calculator work?

This guide explains in detail how the calculator works, and what assumptions have been made as part of the calculations. It is intended to help you get the best out of the calculator. The figures calculated are only estimated projections and may vary depending upon your personal circumstances.

Basic Screen

Current Age — Allows you to input your current age, using this to work out the years remaining to retirement. Current Super Balance — This is how much you currently have in Super. If you have more than one super account you should add them all up and input the total balance.


You should input your gross annual salary. The calculator uses this value to calculate your Superannuation Guarantee (SG) contributions and other information.

Retirement Age

Your retirement age defaults to 65. You are able to adjust the slider to change your assumed retirement age, between the ages of 55 and 75.

Investment Returns

Initially, the calculator gives you three options when selecting investment returns. Subsequent to selecting the appropriate investment option for your circumstances, you are able to use the slider to change the returns. The calculator assumes:


Invests 60–70% in fixed interest and cash; the rest in shares or property. Aims to reduce risk of loss and therefore accepts a lower return over the long-term. A negative annual return is not expected more frequently than once every ten years.


Invests 60–70% in shares or property; the rest in fixed interest and cash. Aims for reasonable returns, but less than growth funds, in order to reduce risk of losses in bad years. A negative annual return is not expected more frequently than once every seven years.


Invests 70–80% in shares or property. Aims for higher returns over the long-term but accepts a higher risk of losses in bad years. A negative annual return is not expected more frequently than once every six years.

Investment returns can vary considerably from year to year and the above options are only given as a guide.

Increase your Super Screen

Employer Contributions

This defaults to the compulsory Super Guarantee Contribution (SGC). If your employer pays in excess of this amount you can use the slider to increase it. The SGC also goes towards the concessional contributions cap detailed below.

Concessional Contributions Cap (e.g. Salary Sacrifice)

Salary sacrifice contributions are capped at a maximum of $30,000 p.a. (including SGC) if aged less than 50 or $35,000 p.a. if aged over 50 to age 65, and are subject to contributions tax of 15%.

After-Tax Contributions

After-tax contributions are capped at $150,000 p.a. There is no contributions tax applied to these contributions.

Government Co-Contributions

The calculator allows you to include the Government co-contribution. You can either choose to include the amount for a single year or apply it for every year until retirement. If you choose to include it every year we assume:

For contributions we also assume:

Desired Income in Retirement

Your desired retirement income is a specified percentage of your after-tax salary in the year you elect to retire. The calculator defaults to 65% which is an industry benchmark. You are able to change this figure to suit your anticipated income requirements. The desired income is calculated in today’s dollars, using an inflation rate of 3%.

You can alter your desired income by moving the slider. The age at which your retirement income is exhausted will then change.

The stick figure in the corner is a graphical representation of a state of happiness based on a combination of the level of income achieved and the time period it is estimated to last.

We have assumed:

The calculator does not calculate transition to retirement pensions.

Today's dollars

You will notice that all figures on this screen are shown in today's dollars. This means that we have made an assumption taken account of inflation, applying a steady rate of 3.0% p.a. to discount the projected savings back to today's value.

Showing retirement income in today’s dollars will enable you to better visualise whether the desired income will suit your lifestyle in retirement.

In reality, the rate of inflation will obviously move both up and down over time, so it is important that you consider how this may affect your retirement income.


Insurance within super is both tax effective and important. However there are many ways to calculate insurance premiums within super, many of these ways include increasing premiums with age on a rate-for-age basis. Because of the complexities with these calculations, there is not an option to include the cost of insurance premiums in the calculations.


Fees vary from fund to fund. To simplify the calculations we have set the default administration fees at 1% during the accumulation and pension phases.

We have assumed:

Summary of Assumptions