Retirement CalculatorMany people choose to retire when they are eligible for private or public pension benefits, although some are forced to retire when physical conditions no longer allow the person to work any more (by illness or accident) or, as a result of legislation concerning their position. In most countries, the idea of retirement is of recent origin, being introduced during the late 19th and early 20th centuries. Previously, low life expectancy and the absence of pension arrangements meant that most workers continued to work until death.

This calculator is designed to help you determine what sort of lifestyle you can expect to have during retirement by estimating your superannuation annuation account balances both before and after retirement.  Try experimenting with different figures to see what effect they will have on your retirement lifestyle.

  1. Enter the values of your Salary and other variables
  2. Leave the box blank if a particular question is not relevant to your situation
  3. Click once on the "Calculate" button to calculate your result
SALARY    
Enter your current annual salary here. If you are married, enter the sum of both of your salaries. $
     
EMPLOYER SUPERANNUATION    
Enter your employer's superannuation contribution as a percentage of salary.   %
     
YOUR CONTRIBUTION    
Enter your additional superannuation contribution (if any) as a percentage of salary.   %
     
PRE-RETIREMENT EARNING RATE
Enter the net interest rate you expect to earn on your superannuation prior to retirement.  Typically, you would invest more aggressively prior to retirement and then switch to lower risk investments after retiring.   %
     
POST RETIREMENT EARNING RATE
Enter the net interest rate you expect to earn once you retire.   %
     
INFLATION RATE    
Enter the expected inflation rate over the coming years.   %
     
SALARY INCREASE RATE    
Enter the rate at which you expect your salary to increase over the coming years.   %
     
CURRENT SUPER ASSETS    
Enter the current value of any superannuation accounts you have now. $
     
CURRENT AGE    
Enter your current age.  
     
EXPECTED RETIREMENT AGE
Enter the age at which you plan to retire.  
     
DESIRED RETIREMENT INCOME
Enter the amount of money you would like to have to spend each year during retirement, in today's dollars.  80% of  your currently salary is a good guideline. $
     
Click the calculate button to see your retirement estimates.  
     
RESULT PRE-RETIREMENT    
Employer Contribution - This box shows how much money your employer is contributing to your superannuation each year given the contribution percentage you entered above. $
Your Contribution - This box shows how much money you are contributing to your superannuation each year. $
Account Value at Retirement - This is the total value of your superannuation account when you retire. $
     
RESULT POST RETIREMENT    
1st year value - This is the total value left in your superannuation account at the end of your first year in retirement. $
2nd year value - This is the total value left in your superannuation account after two years in retirement, and so on........ $
3rd year value $
4th year value $
5th year value $
10th year value $
15th year value $
20th year value $