This calculator does not allow for such variations. Investment return before investment fees of 6.5% each yearĪctual returns will vary significantly from year to year and could be negative in some years, particularly for investment mixes where more is invested in shares and property.We make the following default assumption for investment return: For example the super balance shown for age 65 is the balance at 1 July after your 65th birthday. Your projected income results are shown for the financial year beginning on 1 July after you reach the age indicated on the chart.Your projected account based pension balance is shown at 1 July after you reach the age indicated on the chart.Income from the government age pension or any other investments is not included. Only your retirement income from your account-based pension is included in projected results.You can select the age you want your super to run out in 'Advanced settings - Other'. The calculator determines the retirement income such that your account-based pension account will last until the 1 July after you reach the age your super is set to run out.The calculator applies the minimum drawdown rules annually to your drawdowns from your account based pension each year which may result in a higher income being paid to you in some years.The calculator determines the drawdowns from your account based pension required to achieve a steady income in retirement.It is assumed you have retired on or after the relevant preservation age.The calculator does not allow for balances in excess of the Transfer Balance Cap.This Transfer Balance Cap of $1,700,000 at 1 July 2021 is indexed with CPI inflation over time and increases in increments of $100,000. From 1 July 2017 there is a cap on the amount of superannuation eligible to be transferred to account based pensions in retirement.A further 1.5% each year due to the cost of rising community living standards.2.5% each year due to the rising cost of living (CPI inflation).We make the following default assumptions about inflation (which you can change under the Advanced Settings - Other section of the calculator):. ![]() Results are shown in today's dollars, which means they are adjusted for inflation.We assume your account balance will receive all income and outgoings mid-year.It will not work for defined benefit funds. The calculator works for accumulation funds only.You may wish to get advice from a licensed financial adviser. ![]() Consider your own needs, financial situation and investment objectives. There may be other factors to take into account.
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