This is a Financial Well-being Tool intended for educational purposes only.

Australian Retirement Calculator - Professional Financial Planning Tool

Australian Retirement Calculator - Advanced Planning Tool

Advanced retirement planning with superannuation, age pension, healthcare costs, aged care, dynamic allocation, and investment property modeling

Quick Start: Fill in your personal details and finances in the left panels, then click "Calculate Enhanced Projection" to see your retirement forecast. Use "Run Enhanced Monte Carlo" for risk analysis.

Help Guide
✓ Free to Use ✓ Australian Tax Rules ✓ Monte Carlo Analysis

👋 Welcome to Your Retirement Planner

Choose how you'd like to get started with your retirement planning journey

✨ New to retirement planning? Our guided wizard makes it easy to get started!

Your Risk Profile

Risk Capacity
Calculating...
Risk Tolerance
Set below
Risk Requirement
Calculating...

Personal & Risk Profile ⭐ Core Fields

i Your Current Age Enter your age today. This affects superannuation preservation rules, age pension eligibility, and asset allocation recommendations.
Example: If you're 49, you can access super at 60
i Partner's Current Age Your partner's age affects age pension calculations as couple rates apply when both are eligible. Leave blank if single.
Example: Younger partner delays full age pension benefits
i Your Retirement Age Age when you plan to stop working. Consider: Age pension starts at 67, but you can access super from preservation age (60-65 depending on birth year).
Example: Retire at 65, bridge gap until age pension at 67
i Your Expected Lifespan How long you expect to live. Australian life expectancy is ~81 for men, ~85 for women. Planning to 90+ ensures your money doesn't run out.
Example: Plan to 95 for conservative estimates

Risk Tolerance Assessment

i Risk Tolerance How comfortable you are with investment volatility. Conservative (1-3): Low growth, stable returns. Moderate (4-7): Balanced approach. Aggressive (8-10): High growth potential with higher volatility.
Example: Conservative investors prefer bonds and term deposits
Conservative Moderate (6) Aggressive
i Emergency Fund Status Cash reserves for unexpected expenses (job loss, medical bills). Having 6+ months of expenses improves your risk capacity and allows for more aggressive investing.
Example: $30k expenses = $15k emergency fund minimum
i High-Interest Debt Status Credit cards, personal loans, or other debts above 8-10% interest. High debt reduces risk capacity and should typically be paid off before investing.
Example: 20% credit card debt vs 7% investment returns
i Financial Dependents People relying on your income with varying costs and contribution levels. Specify your percentage contribution - others may include: government support (NDIS, Age Pension), other family members, child support, charity assistance, or the dependent's own resources.
Example: Elderly parent in home care - you pay 30%, government covers 50%, other siblings contribute 20%

Enter a number greater than 0 to see detailed breakdown options

Current Finances

i Your Annual Salary (pre-tax) Gross income before tax and super. Used for tax calculations, super guarantee contributions (12%), and retirement projections.
Example: $100k salary = $12k super + $76k take-home (approx)
i Your Current Superannuation Total super balance today across all funds. Check your myGov account or latest super statement for accurate figures.
Example: $300k at age 50 could grow to $800k+ by retirement
i Current Cash/Savings Bank accounts, term deposits, cash investments. Include emergency fund and any cash earmarked for retirement.
Example: $50k emergency fund + $75k investment cash = $125k
i % of Post-Tax Income Saved Percentage of after-tax income you save for retirement (excluding super). Higher savings rates dramatically improve retirement outcomes.
Example: Save 10% of $80k take-home = $8k annually

Property Portfolio Optional

Primary Residence

i Current Home Value Today's market value of your primary residence. Use recent sales of comparable properties or professional valuation. Home value affects age pension asset test but is partially exempt.
Example: $800k home may add ~$200k to age pension assets test
i Plan to Downsize? Whether you plan to sell and buy a smaller/cheaper home in retirement. Downsizing can free up capital and reduce living costs. The downsizer contribution allows up to $300k into super.
Example: $1.2M home → $800k apartment = $400k freed up

Investment Property

Enter 0 to never sell the property.

Trust Structures

Important: Trust assets may be attributed to you for Age Pension means testing if you have control.

Consult a financial advisor for trust-specific advice. This calculator estimates impacts based on Centrelink's attribution rules.

Healthcare & Aged Care

i Aged Care Probability (%) Likelihood you'll need residential aged care. Australian statistics show ~70% of people will need aged care at some point. Consider family history, health, and gender (women have higher probability due to longer life expectancy).
Example: 68% means 68% chance of needing aged care costing ~$75k/year
i Expected Aged Care Start Age Average age when residential aged care begins. Australian average is around 85-88. Consider your health, family history, and lifestyle factors.
Example: Good health and family history suggests starting at 90
i Annual Aged Care Cost Total yearly cost for residential aged care including accommodation, care fees, and daily living expenses. Government subsidies reduce this, but you may still pay $40k-$100k+ annually.
Example: $76k/year includes accommodation payment + care fees

Economic & Asset Allocation 💡 Advanced

i Annual Inflation Rate (%) Expected long-term inflation rate. RBA targets 2-3% annually. Higher inflation erodes purchasing power, requiring larger retirement balances to maintain lifestyle.
Example: 3% inflation means $100 today = $74 purchasing power in 10 years
i Super Annual Growth (%) Expected annual return for your superannuation. Balanced super funds historically return 7-9% long-term. Growth options may achieve 9-11% but with higher volatility.
Example: 8% return doubles super balance roughly every 9 years

Dynamic Asset Allocation

Current Recommended Allocation
Calculating...

Franking Credits

Average dividend yield for Australian equities

Percentage of dividends that are franked

Scaling factor based on tax position (1.0 = full benefit)

Salary Progression

Australian Pension System Optional

March 2025: $73,875 comfortable, $48,184 modest

i Pension Asset Threshold (Couple) Asset value below which couples receive full age pension. Above this threshold, pension reduces by $3 per fortnight for every $1,000 in excess assets. Home is partially exempt.
Example: $500k assets = reduced age pension of ~$43k/year

Simulation Controls

i Return Volatility (%) Standard deviation of annual returns (risk measure). Conservative portfolios: 5-8%, Balanced: 10-15%, Growth: 15-20%. Higher volatility means more variable year-to-year returns.
Example: 12% volatility means returns typically vary ±24% from average

Your Retirement Reality Check

YOUR GOAL
Retire at age 65 (12 years from now)
Comfortable lifestyle: $73,000/year
YOUR PROJECTION (Conservative)
Superannuation at retirement: $380,000
Age Pension: $18,000/year
Your annual income: $33,200/year
Based on conservative 6.5% super returns, 2.6% inflation
⚠️
$17,800/year
$342/week shortfall

Your Action Plan

Choose 2-3 of these strategies to close the gap. Each shows the exact impact on your retirement income.

What-If Calculator

Try different scenarios to see their impact. Adjust the sliders to explore options.

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Enhanced Retirement Summary

AI-Powered Recommendations

    AI-Powered Recommendation Engine

    This engine analyzes your financial situation and runs dozens of scenarios to identify the most impactful strategies to improve your retirement outcome. Click the "Generate AI Recommendations" button to start.

    💡 Actionable Suggestions & What-If Analysis

    Based on your financial situation, here are specific actions you can take to optimize your retirement outcome. Each suggestion shows the potential impact and includes a "Try This" button to see exactly how it affects your projections.

    🏠 Property Strategy

    💰 Income & Career Strategy

    📈 Investment Strategy

    ⏰ Retirement Timing

    🏦 Mortgage & Debt Strategy

    🛡️ Insurance & Protection

    This will analyze your current situation and provide specific, actionable recommendations

    Year-by-Year Projection

    Note: This projection includes healthcare costs, aged care planning, and investment property modeling.

    YearAgeLiquid Assets 💳Non-Liquid Assets 🏘️GrowthYearly WithdrawalProperty IncomeHealthcareAged CareEnd Balance 💰Total Net Worth 🏠

    Investment Property Analysis

    Risk Analysis

    Advanced Simulation Results

    Portfolio Balance Over Time

    Final Balance Distribution

    Asset Allocation Over Time

    Property vs Portfolio Growth

    Retirement Optimization Strategies

    🌍 Overseas Retirement Planning

    Overseas Retirement Analysis

    Age Pension Eligibility
    Calculate to assess
    Tax Residency Impact
    Depends on location
    Asset Structure
    Trust vs personal

    Overseas Residence Plans

    Complex decision affecting tax on all income sources

    Asset Structure Strategy

    In Australian dollars (consider healthcare, housing, lifestyle)

    Overseas Retirement Scenarios

    No Scenarios Generated

    Click "Generate Scenarios" to analyze overseas retirement options

    ⚠️ Important Considerations

    • Age Pension: Requires Australian residence history and may be reduced overseas

    • Tax Treaties: May provide relief from double taxation depending on destination

    • Healthcare: Medicare may not cover overseas treatment - consider insurance

    • Superannuation: Access rules remain the same regardless of residency

    • Professional Advice: Complex area requiring tax and legal expertise

    Scenario Comparison

    Advanced Scenario Builder

    Create and compare custom scenarios with detailed parameter adjustments

    Launch Advanced Tool →

    Select Scenarios to Compare