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Disclaimer and assumptions
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Learn moreDisclaimer and Assumptions The projections shown by this calculator are illustrative examples of how much superannuation you could accumulate at your chosen retirement age and how long it may last in retirement. The information is intended to be general in nature only and does not take into account your personal objectives or needs. The results are not a representation of actual entitlements or benefits from any particular superannuation product and are not intended to be relied on for the purposes of making a financial decision in relation to a particular financial product. Before making any financial decisions consider your own financial circumstances, needs and objectives and consider getting personal financial advice. The outcome produced by this calculator is based on your inputs and the assumptions set by AustralianSuper, which are inputted with your consent. You must consent to the use of these assumptions to access the calculator. If you change the assumptions, it will change the results produced by the calculator. The projections provided in the calculator, assume an investment return in a superannuation account which is different in the accumulation (pre-retirement) and retirement phases. You can choose to exclude the Government Age Pension from the projection or include other regular income in retirement. Other important assumptions are listed below and are based on current laws and their interpretation as of 1 July 2025. Inflation By default, the projection applies future wage inflation of 3.7% per annum (p.a.) and future price inflation of 2.5% p.a. Target retirement income is assumed to increase at future price inflation of 2.5% p.a. The results are shown in 'today's dollars”, discounted with wage inflation before retirement and price inflation after retirement. As retirement income is assumed to increase at price inflation of 2.5% pa, and as the results are shown in today’s dollars and are discounted in retirement using price inflation, the income shown is level in real terms. These assumed inflation rates and the approach to discounting are consistent with ASIC Corporations (Superannuation Calculators and Retirement Estimates) Instrument 2022/603. Investment returns Assumed investment returns are used in the calculator, which can be varied. Investment returns are shown after investment fees and taxes. The Cash, Low, Moderate and High options represent investment strategies with different assumed return profiles.
Please note that investment returns are not guaranteed, and any past performance is not a reliable indicator of future returns. Price inflation (CPI) is assumed to be 2.5% p.a., which is included in the returns. Accumulation returns are assumed to be taxed at the relevant rate (based on the percentage of funds invested in shares and allowing for dividend imputation and the capital gains tax concession if applicable). Retirement returns are assumed to be tax-free. Investment returns are assumed to be credited continuously. The above assumptions can be edited to create a 'user defined' investment setting. You can alter the inflation rate and the assumed retirement investment return within certain ranges. Before making decisions, you should also consider the risk profile of different investment strategies. Administration fees and insurance premiums Fees and insurance premiums are assumed to be as follows:
Administration fees and insurance premiums are assumed to be tax-deductible in the accumulation phase. Insurance premiums are deducted continuously. Dollar fees and insurance premiums are assumed to increase in line with wage inflation. Percentage fee rates are assumed to remain constant over the projection period and the asset based fee cap is indexed to wage inflation. You can alter the default fees across the combined accumulation and retirement phases within certain ranges. Personal income Salary is assumed to increase in line with wage inflation. In any future periods where you have a period of part-time employment, your salary is reduced on a pro-rata basis. Tax calculations allow for individual income tax rates, the Medicare Levy, the Low Income Tax Offset and the Senior and Pensioners Tax Offset. It does not take into account the Medicare levy surcharge or any HECS/HELP debt. Threshold and offset amounts in the first year are based on current rates. Thereafter they are indexed in line with wage inflation. Employer contributions Employer contributions are calculated as a percentage of salary and is defaulted to the Superannuation Guarantee (SG) rates below:
SG contributions are subject to the maximum super contribution base, which is $62,500 per quarter for 2025-2026. This threshold is indexed annually in line with wage inflation. If you receive a different amount, you can alter the rate of employer contributions within certain ranges. If you adjust the rate higher than 12%, it will be assumed to remain constant throughout the pre-retirement phase and the minimum SG rates will be ignored. Member contributions Regular concessional (before-tax) or non-concessional (after tax) contributions entered by you are assumed to increase in each year in line with your salary. In any periods of part-time work, these contributions are assumed to decrease pro-rata. Regular contributions are assumed to be spread evenly across the year. The amount of a one-off, non-concessional contribution you enter is assumed to be fixed, and is not indexed. Concessional contributions up to the concessional contributions cap are generally taxed at 15% on contribution to the superannuation environment. Non-concessional contributions up to the non-concessional contributions cap are not subject to tax on contribution to the superannuation environment. Where a concessional or non-concessional contribution exceeds the corresponding legislated contribution limit, the contributions are subject to additional tax which is assumed to be levied in the personal income tax environment. For the 2025-2026 financial year the annual general concessional cap is $30,000. To the extent that the combined amount of income and concessional contributions for a particular financial year exceeds $250,000, you may have to pay an additional 15% tax on some or all of your concessional contributions. The additional tax is applicable to the portion of pre-tax contributions that is above the threshold. For the 2025-2026 financial year the non-concessional cap is 4 times the general concessional cap, being $120,000. If eligible, you may be able to contribute an extra two years’ worth of after-tax contributions (i.e. up to $360,000). This is known as the bring-forward rule. The amount which can be contributed depends on Total Superannuation Balance (TSB) as at 30 June of previous financial year and age at the time contribution received by the fund:
The calculator enables you to enter both regular annual non-concessional contributions and a one-off lump sum non-concessional contribution. If in any year the combination of these would exceed the relevant non-concessional contributions cap, the calculator will limit the contributions to the cap amount; if this occurs you will receive a message. The concessional and non-concessional contributions caps are indexed in line with wage inflation. Co-contribution In each projection year, eligibility for a Government co-contribution is assessed based on salary (the calculator does not take into account any reportable fringe benefits that may affect eligibility for a co-contribution) and non-concessional contributions. A co-contribution of up to $500 is made to the superannuation account if individuals make non-concessional contributions and their salary is below the lower income threshold. The co-contribution amount is pro-rated if their salary is between the lower income threshold and the upper income threshold. The co-contribution income thresholds are indexed in accordance with wage inflation. For the current co-contribution income thresholds, visit the Australian Tax Office (ATO) at www.ato.gov.au/tax-rates-and-codes Retirement age If you enter a current age less than 67, the default retirement age used for the purpose of the calculation is age 67. If you enter a current age of 67 or older, the default retirement age used for the purpose of the calculation is your age at your next birthday. This approach is consistent with ASIC Corporations (Superannuation Calculators and Retirement Estimates) Instrument 2022/603. Life expectancy Life expectancies allow for future mortality improvements. They were derived based on the medium mortality rate assumptions in the Australian Bureau of Statistics in 'Population Projections, Australia, 2006 to 2101'. Government Age Pension Current Government Age Pension thresholds and rates of payment are based on the Single/Couple and Homeowner status. If 'Couple' is selected, the partner’s superannuation assets can be entered and all other income and assets are assumed to be combined between the user and their partner. Thresholds are indexed in line with price inflation and rates of payment are indexed in line with wage inflation. It is assumed the qualification requirements for the Government Age Pension under social security legislation are satisfied. The Government Age Pension is subject to an asset test and an income test. You can enter other investment assets outside super, which is used for the asset and income test only. The projection assumes that in retirement, all assets (superannuation and assets outside superannuation) are placed in an account-based pension. The Government Age Pension income test is therefore calculated on the basis of deemed income on all assets. You can enter an additional income amount. This amount represents any regular income received throughout retirement in addition to drawdowns from superannuation and Government Age Pension, and will be reflected in the projected income. The additional income entered will not be included in the income test for Government Age Pension. The assets outside super and any additional income entered, are assumed to increase each year in line with wage inflation. Services Australia’s rate estimator lets you estimate your payment rate for the Government Age Pension, based on your current or proposed circumstances and assists with working out if you will be eligible for a payment. We have not considered any other Government benefits apart from the Government Age Pension. Contact Centrelink to confirm your eligibility for the Government Age Pension as the projections are examples only and have not considered your personal situation. Transfer balance cap The transfer balance cap restricts the amount that can be transferred into an account-based pension. For the 2025-2026 year, the cap is $2.0m. Based on current indexing, adjustments will occur every three to four years. If at the time of retirement the projected account balance exceeds the (indexed) transfer balance cap, the maximum possible amount is assumed to be transferred into an account-based pension and any excess balance retained in an accumulation account. Minimum income payment in retirement The Government sets the minimum amount that must be paid as an income each year from an account-based pension. This minimum drawdown amount is calculated as a percentage of your account balance at the start of the financial year and varies by age.
The calculator allows for these minimum drawdown amounts. Target income The target income defaults to 75% of your annual after-tax income. This can be changed within certain ranges. To achieve the target income, the amount drawn from superannuation in retirement is calculated as: Target income (which can be specified) less other income (which can be specified) less any Government Age Pension amounts (as calculated by the calculator). Where the transfer balance cap is exceeded at the time of retirement, the excess will be invested in an accumulation account and will result in both an accumulation account and a pension account. In the scenario where the target income is in excess of the minimum drawdown for the pension, the income will first be drawn from the pension account up to minimum amount and the excess income required to attain the target income will be drawn from the accumulation account. Last updated: July 2025 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| The projected balance of your super at retirement is: | |
|---|---|
| Your target income at retirement is: | |
| Your target retirement age is: | |
| Your super is projected to run out at age: | |
| Your life expectancy age based on selected gender: |
| What you told us about you | You | Partner |
|---|---|---|
| Current Age | ||
| Expected Salary | ||
| Employer Contributions | ||
| Current super balance |
| Regular contributions | You | Partner |
|---|---|---|
| Before-tax annual contributions | ||
| After-tax annual contributions |
| One-off contributions | |
|---|---|
| One-off after-tax contribution | |
| Age to make one-off contribution |
| Part-time work | |
|---|---|
| Age to start part-time work | |
| Number of days per week | days |
| Number of years | years |
| Age Pension | |
|---|---|
| Assets outside super | |
| Additional annual income | |
| Relationship status | |
| Home owner |
| Economic assumptions | |
|---|---|
| Investment profile | |
| Wage inflation | |
| CPI inflation |
Disclaimer and Assumptions The projections shown by this calculator are illustrative examples of how much superannuation you could accumulate at your chosen retirement age and how long it may last in retirement. The information is intended to be general in nature only and does not take into account your personal objectives or needs. The results are not a representation of actual entitlements or benefits from any particular superannuation product and are not intended to be relied on for the purposes of making a financial decision in relation to a particular financial product. Before making any financial decisions consider your own financial circumstances, needs and objectives and consider getting personal financial advice. The outcome produced by this calculator is based on your inputs and the assumptions set by AustralianSuper, which are inputted with your consent. You must consent to the use of these assumptions to access the calculator. If you change the assumptions, it will change the results produced by the calculator. The projections provided in the calculator, assume an investment return in a superannuation account which is different in the accumulation (pre-retirement) and retirement phases. You can choose to exclude the Government Age Pension from the projection or include other regular income in retirement. Other important assumptions are listed below and are based on current laws and their interpretation as of 1 July 2025. Inflation By default, the projection applies future wage inflation of 3.7% per annum (p.a.) and future price inflation of 2.5% p.a. Target retirement income is assumed to increase at future price inflation of 2.5% p.a. The results are shown in 'today's dollars”, discounted with wage inflation before retirement and price inflation after retirement. As retirement income is assumed to increase at price inflation of 2.5% pa, and as the results are shown in today’s dollars and are discounted in retirement using price inflation, the income shown is level in real terms. These assumed inflation rates and the approach to discounting are consistent with ASIC Corporations (Superannuation Calculators and Retirement Estimates) Instrument 2022/603. Investment returns Assumed investment returns are used in the calculator, which can be varied. Investment returns are shown after investment fees and taxes. The Cash, Low, Moderate and High options represent investment strategies with different assumed return profiles.
Please note that investment returns are not guaranteed, and any past performance is not a reliable indicator of future returns. Price inflation (CPI) is assumed to be 2.5% p.a., which is included in the returns. Accumulation returns are assumed to be taxed at the relevant rate (based on the percentage of funds invested in shares and allowing for dividend imputation and the capital gains tax concession if applicable). Retirement returns are assumed to be tax-free. Investment returns are assumed to be credited continuously. The above assumptions can be edited to create a 'user defined' investment setting. You can alter the inflation rate and the assumed retirement investment return within certain ranges. Before making decisions, you should also consider the risk profile of different investment strategies. Administration fees and insurance premiums Fees and insurance premiums are assumed to be as follows:
Administration fees and insurance premiums are assumed to be tax-deductible in the accumulation phase. Insurance premiums are deducted continuously. Dollar fees and insurance premiums are assumed to increase in line with wage inflation. Percentage fee rates are assumed to remain constant over the projection period and the asset based fee cap is indexed to wage inflation. You can alter the default fees across the combined accumulation and retirement phases within certain ranges. Personal income Salary is assumed to increase in line with wage inflation. In any future periods where you have a period of part-time employment, your salary is reduced on a pro-rata basis. Tax calculations allow for individual income tax rates, the Medicare Levy, the Low Income Tax Offset and the Senior and Pensioners Tax Offset. It does not take into account the Medicare levy surcharge or any HECS/HELP debt. Threshold and offset amounts in the first year are based on current rates. Thereafter they are indexed in line with wage inflation. Employer contributions Employer contributions are calculated as a percentage of salary and is defaulted to the Superannuation Guarantee (SG) rates below:
SG contributions are subject to the maximum super contribution base, which is $62,500 per quarter for 2025-2026. This threshold is indexed annually in line with wage inflation. If you receive a different amount, you can alter the rate of employer contributions within certain ranges. If you adjust the rate higher than 12%, it will be assumed to remain constant throughout the pre-retirement phase and the minimum SG rates will be ignored. Member contributions Regular concessional (before-tax) or non-concessional (after tax) contributions entered by you are assumed to increase in each year in line with your salary. In any periods of part-time work, these contributions are assumed to decrease pro-rata. Regular contributions are assumed to be spread evenly across the year. The amount of a one-off, non-concessional contribution you enter is assumed to be fixed, and is not indexed. Concessional contributions up to the concessional contributions cap are generally taxed at 15% on contribution to the superannuation environment. Non-concessional contributions up to the non-concessional contributions cap are not subject to tax on contribution to the superannuation environment. Where a concessional or non-concessional contribution exceeds the corresponding legislated contribution limit, the contributions are subject to additional tax which is assumed to be levied in the personal income tax environment. For the 2025-2026 financial year the annual general concessional cap is $30,000. To the extent that the combined amount of income and concessional contributions for a particular financial year exceeds $250,000, you may have to pay an additional 15% tax on some or all of your concessional contributions. The additional tax is applicable to the portion of pre-tax contributions that is above the threshold. For the 2025-2026 financial year the non-concessional cap is 4 times the general concessional cap, being $120,000. If eligible, you may be able to contribute an extra two years’ worth of after-tax contributions (i.e. up to $360,000). This is known as the bring-forward rule. The amount which can be contributed depends on Total Superannuation Balance (TSB) as at 30 June of previous financial year and age at the time contribution received by the fund:
The calculator enables you to enter both regular annual non-concessional contributions and a one-off lump sum non-concessional contribution. If in any year the combination of these would exceed the relevant non-concessional contributions cap, the calculator will limit the contributions to the cap amount; if this occurs you will receive a message. The concessional and non-concessional contributions caps are indexed in line with wage inflation. Co-contribution In each projection year, eligibility for a Government co-contribution is assessed based on salary (the calculator does not take into account any reportable fringe benefits that may affect eligibility for a co-contribution) and non-concessional contributions. A co-contribution of up to $500 is made to the superannuation account if individuals make non-concessional contributions and their salary is below the lower income threshold. The co-contribution amount is pro-rated if their salary is between the lower income threshold and the upper income threshold. The co-contribution income thresholds are indexed in accordance with wage inflation. For the current co-contribution income thresholds, visit the Australian Tax Office (ATO) at www.ato.gov.au/tax-rates-and-codes Retirement age If you enter a current age less than 67, the default retirement age used for the purpose of the calculation is age 67. If you enter a current age of 67 or older, the default retirement age used for the purpose of the calculation is your age at your next birthday. This approach is consistent with ASIC Corporations (Superannuation Calculators and Retirement Estimates) Instrument 2022/603. Life expectancy Life expectancies allow for future mortality improvements. They were derived based on the medium mortality rate assumptions in the Australian Bureau of Statistics in 'Population Projections, Australia, 2006 to 2101'. Government Age Pension Current Government Age Pension thresholds and rates of payment are based on the Single/Couple and Homeowner status. If 'Couple' is selected, the partner’s superannuation assets can be entered and all other income and assets are assumed to be combined between the user and their partner. Thresholds are indexed in line with price inflation and rates of payment are indexed in line with wage inflation. It is assumed the qualification requirements for the Government Age Pension under social security legislation are satisfied. The Government Age Pension is subject to an asset test and an income test. You can enter other investment assets outside super, which is used for the asset and income test only. The projection assumes that in retirement, all assets (superannuation and assets outside superannuation) are placed in an account-based pension. The Government Age Pension income test is therefore calculated on the basis of deemed income on all assets. You can enter an additional income amount. This amount represents any regular income received throughout retirement in addition to drawdowns from superannuation and Government Age Pension, and will be reflected in the projected income. The additional income entered will not be included in the income test for Government Age Pension. The assets outside super and any additional income entered, are assumed to increase each year in line with wage inflation. Services Australia’s rate estimator lets you estimate your payment rate for the Government Age Pension, based on your current or proposed circumstances and assists with working out if you will be eligible for a payment. We have not considered any other Government benefits apart from the Government Age Pension. Contact Centrelink to confirm your eligibility for the Government Age Pension as the projections are examples only and have not considered your personal situation. Transfer balance cap The transfer balance cap restricts the amount that can be transferred into an account-based pension. For the 2025-2026 year, the cap is $2.0m. Based on current indexing, adjustments will occur every three to four years. If at the time of retirement the projected account balance exceeds the (indexed) transfer balance cap, the maximum possible amount is assumed to be transferred into an account-based pension and any excess balance retained in an accumulation account. Minimum income payment in retirement The Government sets the minimum amount that must be paid as an income each year from an account-based pension. This minimum drawdown amount is calculated as a percentage of your account balance at the start of the financial year and varies by age.
The calculator allows for these minimum drawdown amounts. Target income The target income defaults to 75% of your annual after-tax income. This can be changed within certain ranges. To achieve the target income, the amount drawn from superannuation in retirement is calculated as: Target income (which can be specified) less other income (which can be specified) less any Government Age Pension amounts (as calculated by the calculator). Where the transfer balance cap is exceeded at the time of retirement, the excess will be invested in an accumulation account and will result in both an accumulation account and a pension account. In the scenario where the target income is in excess of the minimum drawdown for the pension, the income will first be drawn from the pension account up to minimum amount and the excess income required to attain the target income will be drawn from the accumulation account. Last updated: July 2025 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||