SuperGuide’s Income from super reckoner can help you quickly understand how much the returns you achieve and the length of your retirement impact the approximate super savings you may need to fund your desired retirement income.
The figures used in the reckoner have been sourced from the MoneySmart Retirement Planner, a powerful tool that we highly recommend you try for yourself. SuperGuide’s reckoner is not intended to replace the calculator, but rather complement it by making it easier for to quickly compare different scenarios.
The reckoner allows you to filter for the following factors:
- How much income in retirement you are aiming for
- Whether you are single or a couple
- Whether you anticipate a return on your super savings of 2%, 3%, 4%, 5%, 6% or 7% per year (net of fees)
- Whether you’d like your super to last 25 years, 30 years or 35 years.
The tool then shows you approximately how much super savings you would need for each scenario. For example, if you are a couple seeking an income of $80,000 per year, are anticipating a return of 4% per year, and would like your super to last 30 years, then you would need approximately $910,000 (combined) in super.
The Income from super reckoner is similar to our Super to income reckoner but works the opposite way.
Note: We do not consider it realistic to achieve returns of 7% per year net of all fees, particularly over such a long time period, but we have added these as points for comparison after requests from readers.
Discover what return the top performing pension funds achieve.
For your reference the ASFA Retirement Standard for those aged around 65 are as follows:
ASFA Retirement Standard | Single | Couple |
---|---|---|
Modest lifestyle | $31,323 | $44,106 |
Comfortable lifestyle | $49,462 | $69,691 |
The ASFA Retirement Standard for those aged around 85 are as follows:
ASFA Retirement Standard | Single | Couple |
---|---|---|
Modest lifestyle | $28,914 | $41,477 |
Comfortable lifestyle | $45,955 | $63,639 |
Source: ASFA (December 2022)
Disclaimer
This reckoner is only intended as a guide to present approximate scenarios and should not be relied on to provide definitive figures on what your retirement income is likely to be. We highly recommend you try the MoneySmart Retirement Planner for yourself, but remember that it is only a model and not a prediction.
To view a demonstration video of how to use the MoneySmart Retirement Planner, see SuperGuide article Video: How to use the MoneySmart Retirement Planner.
To use the reckoner just click on the filter buttons, then select the boxes that you would like to filter on and click OK. The corresponding results will appear below. Repeat for each filter you would like to apply to further narrow down the results.
Relationship status | Annual income in retirement | Return on super pensions (% per year) | Years super lasts | ||
---|---|---|---|---|---|
wdt_ID | Relationship status | Annual income in retirement | Return on super pensions (% per year) | Years super lasts | Super balance needed |
541 | Single | 40,000 | 2% | 25 years | 180,000 |
542 | Single | 40,000 | 2% | 30 years | 170,000 |
543 | Single | 40,000 | 2% | 35 years | 140,000 |
544 | Single | 40,000 | 3% | 25 years | 165,000 |
545 | Single | 40,000 | 3% | 30 years | 155,000 |
546 | Single | 40,000 | 3% | 35 years | 130,000 |
547 | Single | 40,000 | 4% | 25 years | 150,000 |
548 | Single | 40,000 | 4% | 30 years | 145,000 |
549 | Single | 40,000 | 4% | 35 years | 120,000 |
550 | Single | 40,000 | 5% | 25 years | 140,000 |
551 | Single | 40,000 | 5% | 30 years | 135,000 |
552 | Single | 40,000 | 5% | 35 years | 115,000 |
553 | Single | 40,000 | 6% | 25 years | 130,000 |
554 | Single | 40,000 | 6% | 30 years | 125,000 |
555 | Single | 40,000 | 6% | 35 years | 105,000 |
556 | Single | 40,000 | 7% | 25 years | 120,000 |
557 | Single | 40,000 | 7% | 30 years | 115,000 |
558 | Single | 40,000 | 7% | 35 years | 100,000 |
559 | Single | 50,000 | 2% | 25 years | 555,000 |
560 | Single | 50,000 | 2% | 30 years | 660,000 |
561 | Single | 50,000 | 2% | 35 years | 730,000 |
562 | Single | 50,000 | 3% | 25 years | 470,000 |
563 | Single | 50,000 | 3% | 30 years | 545,000 |
564 | Single | 50,000 | 3% | 35 years | 600,000 |
565 | Single | 50,000 | 4% | 25 years | 405,000 |
566 | Single | 50,000 | 4% | 30 years | 455,000 |
567 | Single | 50,000 | 4% | 35 years | 490,000 |
568 | Single | 50,000 | 5% | 25 years | 355,000 |
569 | Single | 50,000 | 5% | 30 years | 390,000 |
570 | Single | 50,000 | 5% | 35 years | 410,000 |
571 | Single | 50,000 | 6% | 25 years | 315,000 |
572 | Single | 50,000 | 6% | 30 years | 335,000 |
573 | Single | 50,000 | 6% | 35 years | 350,000 |
574 | Single | 50,000 | 7% | 25 years | 280,000 |
575 | Single | 50,000 | 7% | 30 years | 295,000 |
576 | Single | 50,000 | 7% | 35 years | 305,000 |
577 | Single | 60,000 | 2% | 25 years | 1,060,000 |
578 | Single | 60,000 | 2% | 30 years | 1,280,000 |
579 | Single | 60,000 | 2% | 35 years | 1,460,000 |
580 | Single | 60,000 | 3% | 25 years | 930,000 |
581 | Single | 60,000 | 3% | 30 years | 1,110,000 |
582 | Single | 60,000 | 3% | 35 years | 1,260,000 |
583 | Single | 60,000 | 4% | 25 years | 820,000 |
584 | Single | 60,000 | 4% | 30 years | 965,000 |
585 | Single | 60,000 | 4% | 35 years | 1,085,000 |
586 | Single | 60,000 | 5% | 25 years | 720,000 |
587 | Single | 60,000 | 5% | 30 years | 840,000 |
588 | Single | 60,000 | 5% | 35 years | 930,000 |
589 | Single | 60,000 | 6% | 25 years | 625,000 |
590 | Single | 60,000 | 6% | 30 years | 725,000 |
591 | Single | 60,000 | 6% | 35 years | 800,000 |
592 | Single | 60,000 | 7% | 25 years | 545,000 |
593 | Single | 60,000 | 7% | 30 years | 620,000 |
594 | Single | 60,000 | 7% | 35 years | 685,000 |
595 | Single | 80,000 | 2% | 25 years | 1,865,000 |
596 | Single | 80,000 | 2% | 30 years | 2,410,000 |
597 | Single | 80,000 | 2% | 35 years | 3,080,000 |
598 | Single | 80,000 | 3% | 25 years | 1,640,000 |
599 | Single | 80,000 | 3% | 30 years | 2,040,000 |
600 | Single | 80,000 | 3% | 35 years | 2,615,000 |
601 | Single | 80,000 | 4% | 25 years | 1,465,000 |
602 | Single | 80,000 | 4% | 30 years | 1,710,000 |
603 | Single | 80,000 | 4% | 35 years | 2,100,000 |
604 | Single | 80,000 | 5% | 25 years | 1,315,000 |
605 | Single | 80,000 | 5% | 30 years | 1,510,000 |
606 | Single | 80,000 | 5% | 35 years | 1,675,000 |
607 | Single | 80,000 | 6% | 25 years | 1,185,000 |
608 | Single | 80,000 | 6% | 30 years | 1,340,000 |
609 | Single | 80,000 | 6% | 35 years | 1,470,000 |
610 | Single | 80,000 | 7% | 25 years | 1,075,000 |
611 | Single | 80,000 | 7% | 30 years | 1,200,000 |
612 | Single | 80,000 | 7% | 35 years | 1,300,000 |
613 | Single | 100,000 | 2% | 25 years | 2,715,000 |
614 | Single | 100,000 | 2% | 30 years | 3,560,000 |
615 | Single | 100,000 | 2% | 35 years | 4,540,000 |
616 | Single | 100,000 | 3% | 25 years | 2,395,000 |
617 | Single | 100,000 | 3% | 30 years | 3,160,000 |
618 | Single | 100,000 | 3% | 35 years | 4,110,000 |
619 | Single | 100,000 | 4% | 25 years | 2,070,000 |
620 | Single | 100,000 | 4% | 30 years | 2,700,000 |
621 | Single | 100,000 | 4% | 35 years | 3,565,000 |
622 | Single | 100,000 | 5% | 25 years | 1,795,000 |
623 | Single | 100,000 | 5% | 30 years | 2,215,000 |
624 | Single | 100,000 | 5% | 35 years | 2,895,000 |
625 | Single | 100,000 | 6% | 25 years | 1,615,000 |
626 | Single | 100,000 | 6% | 30 years | 1,830,000 |
627 | Single | 100,000 | 6% | 35 years | 2,180,000 |
628 | Single | 100,000 | 7% | 25 years | 1,465,000 |
629 | Single | 100,000 | 7% | 30 years | 1,620,000 |
630 | Single | 100,000 | 7% | 35 years | 1,745,000 |
631 | Couple | 60,000 | 2% | 25 years | 260,000 |
632 | Couple | 60,000 | 2% | 30 years | 240,000 |
633 | Couple | 60,000 | 2% | 35 years | 200,000 |
634 | Couple | 60,000 | 3% | 25 years | 230,000 |
635 | Couple | 60,000 | 3% | 30 years | 220,000 |
636 | Couple | 60,000 | 3% | 35 years | 190,000 |
637 | Couple | 60,000 | 4% | 25 years | 220,000 |
638 | Couple | 60,000 | 4% | 30 years | 200,000 |
639 | Couple | 60,000 | 4% | 35 years | 170,000 |
640 | Couple | 60,000 | 5% | 25 years | 210,000 |
641 | Couple | 60,000 | 5% | 30 years | 190,000 |
642 | Couple | 60,000 | 5% | 35 years | 160,000 |
643 | Couple | 60,000 | 6% | 25 years | 190,000 |
644 | Couple | 60,000 | 6% | 30 years | 180,000 |
645 | Couple | 60,000 | 6% | 35 years | 150,000 |
646 | Couple | 60,000 | 7% | 25 years | 180,000 |
647 | Couple | 60,000 | 7% | 30 years | 170,000 |
648 | Couple | 60,000 | 7% | 35 years | 140,000 |
649 | Couple | 80,000 | 2% | 25 years | 1,070,000 |
650 | Couple | 80,000 | 2% | 30 years | 1,290,000 |
651 | Couple | 80,000 | 2% | 35 years | 1,460,000 |
652 | Couple | 80,000 | 3% | 25 years | 920,000 |
653 | Couple | 80,000 | 3% | 30 years | 1,090,000 |
654 | Couple | 80,000 | 3% | 35 years | 1,220,000 |
655 | Couple | 80,000 | 4% | 25 years | 780,000 |
656 | Couple | 80,000 | 4% | 30 years | 910,000 |
657 | Couple | 80,000 | 4% | 35 years | 1,010,000 |
658 | Couple | 80,000 | 5% | 25 years | 670,000 |
659 | Couple | 80,000 | 5% | 30 years | 760,000 |
660 | Couple | 80,000 | 5% | 35 years | 830,000 |
661 | Couple | 80,000 | 6% | 25 years | 590,000 |
662 | Couple | 80,000 | 6% | 30 years | 650,000 |
663 | Couple | 80,000 | 6% | 35 years | 690,000 |
664 | Couple | 80,000 | 7% | 25 years | 520,000 |
665 | Couple | 80,000 | 7% | 30 years | 560,000 |
666 | Couple | 80,000 | 7% | 35 years | 580,000 |
667 | Couple | 100,000 | 2% | 25 years | 1,990,000 |
668 | Couple | 100,000 | 2% | 30 years | 2,390,000 |
669 | Couple | 100,000 | 2% | 35 years | 2,730,000 |
670 | Couple | 100,000 | 3% | 25 years | 1,760,000 |
671 | Couple | 100,000 | 3% | 30 years | 2,100,000 |
672 | Couple | 100,000 | 3% | 35 years | 2,390,000 |
673 | Couple | 100,000 | 4% | 25 years | 1,570,000 |
674 | Couple | 100,000 | 4% | 30 years | 1,840,000 |
675 | Couple | 100,000 | 4% | 35 years | 2,070,000 |
676 | Couple | 100,000 | 5% | 25 years | 1,400,000 |
677 | Couple | 100,000 | 5% | 30 years | 1,610,000 |
678 | Couple | 100,000 | 5% | 35 years | 1,800,000 |
679 | Couple | 100,000 | 6% | 25 years | 1,250,000 |
680 | Couple | 100,000 | 6% | 30 years | 1,420,000 |
681 | Couple | 100,000 | 6% | 35 years | 1,570,000 |
682 | Couple | 100,000 | 7% | 25 years | 1,110,000 |
683 | Couple | 100,000 | 7% | 30 years | 1,260,000 |
684 | Couple | 100,000 | 7% | 35 years | 1,370,000 |
685 | Couple | 120,000 | 2% | 25 years | 2,740,000 |
686 | Couple | 120,000 | 2% | 30 years | 3,290,000 |
687 | Couple | 120,000 | 2% | 35 years | 4,030,000 |
688 | Couple | 120,000 | 3% | 25 years | 2,440,000 |
689 | Couple | 120,000 | 3% | 30 years | 2,890,000 |
690 | Couple | 120,000 | 3% | 35 years | 3,280,000 |
691 | Couple | 120,000 | 4% | 25 years | 2,180,000 |
692 | Couple | 120,000 | 4% | 30 years | 2,540,000 |
693 | Couple | 120,000 | 4% | 35 years | 2,860,000 |
694 | Couple | 120,000 | 5% | 25 years | 1,960,000 |
695 | Couple | 120,000 | 5% | 30 years | 2,250,000 |
696 | Couple | 120,000 | 5% | 35 years | 2,490,000 |
697 | Couple | 120,000 | 6% | 25 years | 1,770,000 |
698 | Couple | 120,000 | 6% | 30 years | 2,000,000 |
699 | Couple | 120,000 | 6% | 35 years | 2,190,000 |
700 | Couple | 120,000 | 7% | 25 years | 1,600,000 |
701 | Couple | 120,000 | 7% | 30 years | 1,790,000 |
702 | Couple | 120,000 | 7% | 35 years | 1,940,000 |
703 | Couple | 150,000 | 2% | 25 years | 3,820,000 |
704 | Couple | 150,000 | 2% | 30 years | 4,980,000 |
705 | Couple | 150,000 | 2% | 35 years | 6,410,000 |
706 | Couple | 150,000 | 3% | 25 years | 3,330,000 |
707 | Couple | 150,000 | 3% | 30 years | 4,220,000 |
708 | Couple | 150,000 | 3% | 35 years | 5,520,000 |
709 | Couple | 150,000 | 4% | 25 years | 2,970,000 |
710 | Couple | 150,000 | 4% | 30 years | 3,460,000 |
711 | Couple | 150,000 | 4% | 35 years | 4,430,000 |
712 | Couple | 150,000 | 5% | 25 years | 2,670,000 |
713 | Couple | 150,000 | 5% | 30 years | 3,040,000 |
714 | Couple | 150,000 | 5% | 35 years | 3,380,000 |
715 | Couple | 150,000 | 6% | 25 years | 2,410,000 |
716 | Couple | 150,000 | 6% | 30 years | 2,700,000 |
717 | Couple | 150,000 | 6% | 35 years | 2,950,000 |
718 | Couple | 150,000 | 7% | 25 years | 2,190,000 |
719 | Couple | 150,000 | 7% | 30 years | 2,420,000 |
720 | Couple | 150,000 | 7% | 35 years | 2,610,000 |
Assumptions
- You own your own home and have personal assets of $25,000 or less. These calculations do not allow any investment assets outside super. Note that the amount of investment assets you have can greatly affect the amount of Age Pension you are eligible for.
- You are eligible for the Age Pension (or become eligible as your super balance reduces over time).
- Calculations for couples assume both are the same age.
- Administration fees of $52 plus 0.17%, capped at $1,752 per year are included in the calculation.
- Results are in today’s dollars. Inflation is modelled as an average of 2.25%, with a standard deviation of 2.25%.
- We recommend you also review the assumptions and other important information about the calculator on TelstraSuper’s website.
- Calculations were made in March 2024.
Note: The MoneySmart calculator is limited to a super balance of $5 million per person. This means that for some income levels at low return rates we can only specify “$5m+”.