Superannuation & Retirement Savings Calculator
Calculate your projected superannuation balance at retirement based on your current balance, salary, and contributions.
Preservation age is 60; Age Pension age is 67
11.5% in 2024–25, rising to 12% in 2025–26
Additional voluntary contributions per month
Balanced funds average ~7% long-term. Conservative ~4–5%.
How to Use This Calculator
1. Enter your current age and target retirement age — 67 is the current Age Pension age 2. Enter your current super balance — find this in your fund's app or annual statement 3. Enter your salary — before tax (gross) 4. Check the Super Guarantee rate — 11.5% in 2024–25, rising to 12% from 1 July 2025 5. Add any voluntary contributions — salary sacrifice or personal contributions 6. Set an expected return — 7% is typical for a balanced/growth fund long-term
Contribution Caps (2024–25):
Formula
FV = Balance × (1+r)^n + Monthly Contribution × [(1+r/12)^(12n) − 1] / (r/12)Frequently Asked Questions
What is the Super Guarantee rate in 2024–25?
The Super Guarantee is 11.5% of ordinary time earnings in 2024–25, rising to 12% from 1 July 2025.
How much super do I need to retire comfortably?
ASFA estimates a comfortable retirement requires about $595,000 for singles and $690,000 for couples (2024). This assumes you own your home and receive a part Age Pension.
What return should I assume for my super?
Balanced/growth funds have historically returned 6–8% per year over long periods. Conservative funds return 4–5%. Check your fund's historical performance as a guide.
When can I access my super?
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. The Age Pension starts at 67.
Is salary sacrifice worth it?
Usually yes — concessional contributions are taxed at 15% inside super, which is lower than most people's marginal rate. This makes salary sacrifice one of the most tax-effective savings strategies available to Australians.
Related Calculators
Tax Bracket (AU & US)
Calculate your income tax, effective tax rate, and take-home pay for Australia or the United States.
Open Toolarrow_forwardCompound Interest & Savings Growth
Calculate how your savings or investment grows over time with compound interest and regular contributions.
Open Toolarrow_forwardNet Worth
Calculate your net worth by adding up your assets and subtracting your liabilities.
Open Toolarrow_forward