![]() You can access your super once you reach age 65, or earlier in some circumstances. If you’re eligible, your employer puts 9.5% of your salary into your super fund account 1. Your super is an asset – and it could be a significant one at that. You need to set yourself up from the start for success. Saving for retirement is more marathon than sprint. It’s easy to get caught up in the everyday, forgetting your retirement plans and thinking about more pressing concerns like paying bills and planning your next holiday. ![]() Sometimes we can focus more on our dreams than the steps it takes to achieve them. But no matter how many decades separate you and the big R, it’s important to start thinking about super early. CPI plus 1.5% p.a.You may see retirement as a distant dream involving days at the beach and no alarm clocks. Investment rate of return during draw-down (pension) phase is 6% p.a.Investment rate of return during accumulation phase is 7% p.a.The Calculator uses default assumptions about future investment returns and inflation which are based on government and industry body standards and are considered reasonable at the date of publishing. It does not take in account any specific product limitation or cover limits. The calculator does not take into account current or future interest rates, your ongoing ability to earn income, taxation obligations and structuring, or your future expenses such as cost of living increases. The calculator does not take into account all information relevant to you. There are many factors in addition to the above that you may wish to consider in relation to retirement income. This calculator is for general guidance only and does not take into account your personal objectives, financial situation or taxation needs. The calculator also aims to show you how different factors such as your current age, your planned retirement age and current annual income could impact your retirement savings and encourage you to actively manage your superannuation. ![]() The aim of this calculator is to identify any gap between your projected income from superannuation savings at retirement and your desired retirement income. It builds a projection of your savings and compares it against the estimated financial needs in retirement of you and your partner, based on the category you selected. This calculator is a tool designed to help you determine whether you and your partner’s retirement savings will provide you the retirement that you both want to enjoy. If you have included your partner’s details, the results apply to you and your partner together. The calculator provides an estimate of the amount you would need to save in order to meet your retirement income objectives. The ‘today’s dollar amounts’ have been calculated by deflating the projected dollar amounts based on the assumed rate of wage inflation as described on the Assumptions panel. Showing results in today’s dollars allows you to consider your future retirement income in the context of the cost of today’s goods and services and your current standard of living. The Calculator cannot take into account changes in your personal circumstances, actual future investment returns, inflation or future changes to the Age Pension and tax regulations. The assumptions built into this calculator do not take into account your individual circumstances and do not relate to a particular financial product. The results are based on default assumptions that are built into this calculator. It is not a recommendation or opinion about superannuation or any other product and is not intended to replace personal financial advice.īefore making a purchase decision in relation to a financial product, consider obtaining advice from a qualified financial services advisor and read the Product Disclosure Statement. It is not to be relied upon for the purposes of making a decision in relation to a financial product. This superannuation calculator is designed to provide you with an estimate of whether your superannuation contributions will meet your retirement income objectives.
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