Australia Retirement Calculator
Plan your Australian retirement with our calculator designed for the superannuation system. Includes super projections, Age Pension eligibility, salary sacrifice strategies, and tax-free retirement income planning.
Calculate superannuation growth with 11.5% employer contributions, salary sacrifice, and personal contributions.
Calculate Age Pension entitlement with income and assets tests. Understand eligibility at age 67.
Super withdrawals are tax-free after age 60. Plan your retirement income strategy for maximum tax efficiency.
Superannuation Benefits
- ✓ 11.5% compulsory employer contributions (Super Guarantee)
- ✓ Concessional contributions (pre-tax, $27,500 limit)
- ✓ Non-concessional contributions (after-tax, $110,000 limit)
- ✓ Government co-contributions for low earners
- ✓ Spouse contribution tax offsets
- ✓ Tax-free withdrawals after age 60
Retirement Income Streams
- ✓ Account-based pension planning
- ✓ Age Pension means testing
- ✓ Transition to retirement (TTR) strategies
- ✓ Annuity options and comparisons
- ✓ Lump sum withdrawal planning
- ✓ SMSF (Self-Managed Super Fund) considerations
Preservation Age
60
if born after 1964
Average Life Expectancy
83
years
Average Inflation Rate
3.2%
historical average
Concessional Cap
A$27,500
2024/25 limit
FAQs - Australian Retirement Planning
How much super do I need to retire in Australia?
ASFA estimates $690,000 for couples and $595,000 for singles for a comfortable retirement. Our calculator provides personalized targets based on your lifestyle goals and Age Pension eligibility.
Can I access my super before 60 in Australia?
Generally, you can't access super until preservation age (60 for those born after 1964). Some exceptions include severe financial hardship, terminal illness, or permanent disability.
Should I salary sacrifice into super in Australia?
Salary sacrificing into super can save tax (15% vs your marginal rate). Most beneficial for those earning above $45,000. Our calculator shows the impact on your retirement savings.