You’re thinking about your retirement and worried about whether you’ll have enough money to live the life you want, or perhaps you’re more worried about not having enough money to even live the life you don’t want! Uncertainty can create a lot of stress, and doing some research (see SuperGuide article Financial ... Read more
Retirement Calculators and Reckoners
Over the years, we receive many requests from readers seeking the magic lump sum amount needed to finance a worry-free lifestyle in retirement. In the many articles we publish, and update, on this topic, we assume certain rates of return, different retirement ages, different life expectancies, and in most cases, we assume a PART Age Pension.
Our very popular ‘How much super is enough’ articles, and $1 million retirement articles have prompted us to create the following Retirement Reckoners:
- How Much Super Is Enough Reckoner
- Retirement Income Reckoner
- Retirement Age Reckoner: Discover your preservation age and Age Pension age
Age Pension calculator: We have also developed a calculator to give an indication of potential Age Pension entitlements: Age Pension calculator: How much could you be eligible for?
Annual Minimum Pension Payment calculator: For those readers running super pensions, we have developed minimum pension payment calculator to assist with working out the minimum payments required to be paid out each year from account-based super pensions: Annual Minimum Pension Payment Calculator.
Note: Alongside the Retirement Reckoners, we have developed Investment Performance Reckoners, which provide investment returns for the past 8 years: Investment Performance Reckoners
Set out below are key SuperGuide articles supporting the SuperGuide Retirement Reckoners and Calculators:
Set out below are all SuperGuide articles referring to Retirement Calculators and Reckoners.
Retirement income: Today’s dollars, and why $1 million can’t last forever
Note: This article is a supporting article to the three-part series, ‘Crunching the numbers: a $1 million retirement (7% and 5% returns)’, ‘Low yields: A $1 million retirement on 3% or 2% returns, and ‘Crunching the numbers: a $1.6 million retirement’ (links for these articles are set out at the end of the ... Read more
Crunching the numbers: a $1 million retirement (7% and 5% returns)
Note: This article is updated every 6 months or so with new figures, covering retirement incomes when retiring at age 58, age 60, age 66, age 67 and age 70. The article allows readers to compare what a $1 million retirement can deliver if retirement savings are invested with returns of 7% each year, or if invested on ... Read more
Low yields: A $1 million retirement on 3% or 2% returns
Note: This article lists expected annual retirement incomes for a $1 million starting retirement balance, when savings are invested during retirement delivering returns of 3% or 2% each year. If you opt for a 3% investment return, rather than, say, 5% or 7% return, during retirement, then you will need to accept a much ... Read more
Retirement Income Reckoner
The SuperGuide Retirement Income Reckoner allows you to discover what type of annual income (indexed for inflation), you can expect in retirement (including PART Age Pension) for a range of superannuation balances. You can find out what type of income your retirement savings will deliver based on 8 different ... Read more
Retirement income: Living on more than $60,000 a year
Note: This article is updated every 6 months with the latest lifestyle/income data. The most recent data was released in August 2018 (for lifestyle costs up to June 2018) and includes Age Pension rates (applicable from 20 September 2018). The tables in this article list lump sums needed to finance a retirement of 25 ... Read more
How Much Super Is Enough Reckoner
The How Much Super Is Enough Reckoner allows you to discover how much superannuation you need in retirement to deliver your ideal indexed annual income over retirement (including PART Age Pension). You can find out the super savings you will need for a $50,000 a year retirement, a $60,000 a year retirement, a ... Read more
Reality check: How much does it cost to live in retirement?
We all have expectations about what our retirement will look like in terms of lifestyle, but how does retirement actually pan out for those living in retirement? SuperGuide regularly publishes articles and reckoners on the lump sums necessary on retirement to live your desired lifestyle, and we also publish articles on ... Read more
How much super do you need to retire comfortably?
What can you expect to discover by reading this article? The article outlines how much money you will need to finance a retirement of 25 years, regardless of whether you retire at Age Pension age (65.5 years to 67 years) or even age 70. Due to reader demand, we list the lump sums needed on retirement if your ... Read more
Retirement income: Want to live on $100,000 a year?
We receive many questions from readers, and some of those questions relate to how much money is needed to create a comfortable life in retirement. At SuperGuide, we regularly update our ‘how much super is enough’ articles and these articles cover scenarios for those seeking modest, comfortable or more luxurious ... Read more
Retirement Age Reckoner: Discover your preservation age and Age Pension age
Your superannuation benefit and your Age Pension entitlements are likely to be very important for your retirement plans. Did you know your right to access your super, or claim the Age Pension, is based on the date you were born? Use the Retirement Age Reckoner below to discover: your preservation age (the ... Read more
Age Pension calculator: How much could you be eligible for?
Welcome to the SuperGuide Age Pension calculator. Using the calculator is easy. Enter your details in the calculator below (in the yellow blocks) and you will see an estimate of amount of Age Pension you may be eligible for. Note: The Age Pension rates used in the calculator are those that apply from 20 September ... Read more
