Retirement Savings Calculator
Project how your current savings and contributions could grow by retirement, and roughly what income that might support.
Your details
Projected savings at age 65
$703,163
Current savings
$20,000
Total contributions
$168,000
Investment return
$515,163
Using a 4% withdrawal rate
$28,127 / year
roughly $2,344 per month, before tax
This calculator gives an estimate only, assuming a constant annual growth rate. It does not account for taxes, fees, inflation or pension entitlements, and is not financial advice.
How to use this calculator
- 1. Enter your current age, target retirement age, and current retirement savings.
- 2. Enter how much you plan to contribute regularly, and the annual growth rate you expect.
- 3. The calculator projects your balance at retirement, plus a rough estimate of annual income using a 4% withdrawal rate.
FAQ
What is the 4% withdrawal rate?
It's a commonly cited rule of thumb suggesting you could withdraw around 4% of your portfolio in the first year of retirement, adjusting for inflation after that, with a reasonable chance the money lasts several decades. It's a simplification, not a guarantee.
Does this include pensions or government benefits?
No. This calculator only projects the savings you enter. Any pension, superannuation, social security or other retirement benefits should be considered separately.
Should my growth rate change as I get closer to retirement?
Many people gradually shift to lower-risk investments as they approach retirement, which usually lowers expected returns. This calculator uses one constant rate for simplicity, so try running it again with a lower rate to see how that changes your projection.
Related reading
How Much Super Should You Have? Average Balances by Age in Australia
Real average super balances by age from ASFA and the ATO, ASFA's Retirement Standard lump sum targets, the gender super gap, and what actually helps if you're behind.
Super Co-Contribution: The Free Government Top-Up Most People Miss
How the super co-contribution actually works, the exact income thresholds, the full eligibility checklist, and why it's one of the most underused benefits in super.
How to Find and Consolidate Lost Super
Real ATO figures on lost and unclaimed super, why it goes missing, how to find it through myGov, and the insurance check to do before consolidating.
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Disclaimer
The results provided by this calculator are estimates only, based on the assumptions you enter, and are not a prediction or financial advice. Actual retirement outcomes depend on many factors not captured here. Consider speaking with a licensed financial adviser before making any financial decision.