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Retirement gap calculator

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ASSUMPTIONS
Enter details

Personal details

  
  DOC  
  PartTimePctg  
  AgeFullTimeReturn  
Part time on return
Tax free component
Asset based management fee
Do you intend to purchase an allocated pension?  
Your investment option
dummy salSac  
   
dummy emplCont  
   
  Gender  Female    Male  
  Date of birth (dd/mm/yyyy)  
  Retirement age  
  Life expectancy  

Career details

  
  Do you intend to take a career break?  Yes    No  
  Future career interruptions age stop      age recommence   
  Remaining working years    

Superannuation details

  
  Current super account balance $   
  Gross salary for super purposes $   per   
  Does your Employer pay Super Guarantee (SG) contributions on your total gross salary for super purposes, in excess of the ATO's Maximum superannuation contribution base of $175,280 per year?  Yes    No  

Contribution details

  
  Enter contributions as a % or a dollar amount?    Dollar amount  
     As a percentage of salary  
  After-tax contribution   $   per   
  Salary sacrifice contribution   $   per   
  Employer contribution   $   per   

Deductions

  
  Fees deducted
      Dollar amount $   per   
      Adviser fee (between 0%pa and 3%pa of the account)  %pa  
      Management fee (between 0%pa and 3%pa of the account)  %pa  
  Insurance premiums deducted $   per   

Pension details

  
  Frequency of income  
  Minimum monthly pension income (based on age)   $0.00  
  Nominated monthly pension income   $   
  Number of years in retirement    

Projection details

  
  Investment return
      Super benefit (between 3%pa and 8%pa)  %pa
      Pension income(between 3%pa and 8%pa)  %pa
  Salary inflation rate (between 3%pa and 7%pa)  %pa
  AWOTE  %pa
  Insurance inflation rate %
  Insurance inflation rate new %
  Inflation rate (between 0%pa and 3%pa)  %pa
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Results

Projected superannuation savings at retirement
...calculating...
    Original

   New

   Retirement age

   Life expectancy

   Target benefit
Age

You can make a difference
  Use this part of the calculator to experiment with different contribution amounts to make your retirement savings match up with life expectancy.
    Original
amounts		   New
amounts		  
  Vary the   after-tax contribution 0   $   
  pre-tax 0   $   

  Vary the assumptions
  Vary the net investment return
      Super benefit (between 3%pa and 8%pa) 7%pa    %pa  
      Retirement benefit (between 3%pa and 8%pa) 7%pa    %pa  
   Vary the rate of salary increase (between 3%pa and 7%pa) 2.5%pa    %pa  
   Vary the rate of inflation applied to your cost of living expenses (between 3%pa and 7%pa) 2.5%pa    %pa  
   Vary the inflation rate (between 0%pa and 3%pa) 2.5%pa    %pa  

Pension details
  Frequency of income     monthly  
  The minimum monthly pension income (based on age) 1   1  
  income   0   $   
  Number of years in retirement    
     
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About the calculator    Disclaimer  
Summary of results

Superannuation benefit at retirement

  

Original
amounts

  

New
amounts

  
  Current super account balance          
  Employer contributions per year          
  After-tax contribution per year          
  Salary sacrifice contribution per year
          
  Net investment return - Super (pa)          
  Net investment return - Pension (pa)          
  Rate of salary increase (pa)          
  Inflation rate of living expenses (pa)          
  Inflation rate (pa)          
  Tben          
  Elsum          
  Estimated amount above/below target            

Pension income

  
  monthly pension income          
  Age that pension income will last to   0   0  
  Life expectancy   0   0  
  Retirement savings excess/shortfall (in years)          
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About the calculator    Disclaimer  

Assumptions

These calculations make no allowance for fees which means that the summarised savings amount shown will overstate the actual saving that would be produced.

Investment returns including distributions, investment earnings and undistributed growth compound at the same frequency that your regular savings are made.