See how your home, investments and super could grow together, when you could stop working, and whether your money outside super can carry you to 60.
See how your home, investments and super could grow together, when you could stop working, and whether your money outside super can bridge the years before 60.
Enter your home, any investment property, your shares and cash, and your super and your partner's. Add your take-home pay and living costs. The calculator follows your money month by month: pay comes in, living costs and loan repayments go out, anything left over is invested, and employer super is added while you work.
It then tests your plan. Super can usually only be used from 60, so if you stop work earlier your spending has to come from money outside super until then. The calculator checks that bridge, then checks your money lasts to the age you choose, and finds the earliest age that works.
Your FI (financial independence) number is your yearly spending divided by a withdrawal rate. At 4%, spending of $60,000 a year gives $1.5 million. It is a rough guide to how much you would need invested. The calculator also checks your plan year by year, which matters in Australia because super is locked until 60.
You can usually only use super once you reach your preservation age of 60 and retire, or from 65. If you stop work before 60, your spending until then has to come from money outside super, such as shares, ETFs and cash. The calculator checks both parts: the bridge to 60, and super after it.
From your partner's pay if they are still working and any rent, then your cash, then your shares. Super can only help from 60 once you have retired, or from 65. Loan repayments carry on until each loan is paid off, so they are counted too.
Yes, by default. Future amounts are reduced by wage inflation of 3.7% a year until retirement and price inflation of 2.5% a year after it, the default rates ASIC sets for super calculators, so you can compare them with today's pay and prices. Switch to Future dollars to see the actual amounts, or change the rates.
No. Many households will get a part Age Pension from 67, which would make money last longer, so the results are on the cautious side. ASFA's retirement figures already assume a part pension, which is why they are lower than an FI number.
If you own it, your home counts in your net worth but is not sold to fund spending, and its loan is repaid on schedule. If you rent, your rent is paid every month for life and rises each year at the rate you choose. Investment properties are kept, and their net rent comes in each month.
Yes. Choose I rent for your home, enter your rent, and add each investment property with its loan and rent. ASFA's retirement figures assume you own your home, so renters need more than them.
No. The calculator uses fixed returns you choose. Real returns vary from year to year. The dashed lines on the chart show your net worth with returns 2% a year lower and higher.
Project your super and your partner's month by month, with early retirement and ATO minimum pension.
Compare extra mortgage repayments with extra super contributions, to age 67.
See how your equity could build as the loan is paid down and the value changes.
General information only, not financial advice. Check important figures with the relevant authority or a licensed adviser before you act.