Superannuation & Retirement Savings Calculator

The Super Guarantee is 11.5% of ordinary time earnings in 2024–25, rising to 12% from 1 July 2025. Your employer must pay this on top of your salary into your nominated super fund.

ASFA estimates a comfortable retirement requires approximately $595,000 for singles and $690,000 for couples (2024 figures). This assumes you own your home outright and receive a part Age Pension. These figures are updated annually.

Balanced and growth funds have historically returned 6–8% per year over long periods. Conservative funds return 4–5%. Check your fund’s 10-year net return on their website as a guide — past performance doesn’t guarantee future results.

You can access super at your preservation age (60 for anyone born after 1 July 1964) if you’ve retired or met another condition of release. You can access it tax-free after age 60. The Age Pension starts at 67.

Usually yes — concessional contributions are taxed at 15% inside super, which is lower than the marginal rate for anyone earning above $45,000. The tax saving compounds over time, making salary sacrifice one of the most effective wealth-building strategies available to Australians.

The 4% rule is a widely cited guideline suggesting you can withdraw 4% of your retirement balance per year without running out of money over a 30-year retirement. It’s a planning estimate, not a guarantee — actual withdrawal rates depend on investment returns and living costs.