Retirement Calculator Australia
How long will your retirement savings last?
Last updated: January 2025 · Built for the 2024–25 financial year
Inputs
Results
Years your money lasts
16 years
Estimated age fund depleted (from 67)
83
Real return per year
3.41%
Results are estimates only. For financial advice, consult a licensed adviser.
Overview
Will your super last? Project balance to age 90
ASFA's comfortable retirement standard estimates couples need ~$73,000/yr (singles ~$52,000/yr) — implying a balance around $690,000 (couples) or $595,000 (singles) at retirement, paired with the Age Pension.
The 4% safe-withdrawal rule, originally based on US data, suggests a portfolio can last 30 years at 4% real annual draw. Australian research (Drew/Walk) suggests 4-4.5% is reasonable with a balanced asset allocation.
Formula
Future balance
FV = PV(1+r)^n + PMT · [((1+r)^n − 1)/r]
Withdrawal phase: balance_t = balance_{t-1} × (1+r) − draw ASFA Retirement Standard (Mar 2025)
| Lifestyle | Couple p.a. |
|---|---|
| Modest | ≈ $48,000 |
| Comfortable | ≈ $73,000 |
| Lump sum needed (couple) | ≈ $690,000 |
| Lump sum needed (single) | ≈ $595,000 |
Pro tips
- •Salary sacrifice up to the $30k concessional cap.
- •Consolidate multiple super accounts via myGov — fees compound.
- •Choose the right risk profile — High Growth historically beats Balanced over 20+ years.