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Our new calculator is coming soon

Our new calculator is coming soon

We’re building a new retirement balance and income calculator to help you plan a brighter financial future.
In the meantime, check out our simple 3-step guide to help you use other calculators.
 

Step 1

 

Which retirement budget suits you?

The ASFA Retirement Standard has clear guidance on the income needed for a ‘modest’ or ‘comfortable’ lifestyle for singles and couples. Of course, you may choose a budget that’s higher to meet the lifestyle you envision in retirement. These budgets are updated every quarter and assume retirees: 

  • are aged between 65 and 84
  • own their homes
  • receive a part Age Pension
  • are in good health
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Modest budget

Considered better than the government Age Pension, but still only allows for the basics.

The annual budget (including part Age Pension) would be approximately:

Single: $33,134
Couple: $47,731

The super balance you will need at 67 to afford this:

Single: $100,000
Couple: $100,000

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Comfortable budget

Allows a healthy retiree to be involved in a broad range of leisure and recreational activities and to have a good standard of living past retirement age.

The annual budget (including part Age Pension) would be approximately:

Single: $52,085
Couple: $73,337

The super balance you will need at 67 to afford this:

Single: $595,000
Couple: $690,000

‎
‎
Modest budget

Considered better than the government Age Pension, but still only allows for the basics.

The annual budget (including part Age Pension) would be approximately:

Single: $33,134
Couple: $47,731

The super balance you will need at 67 to afford this:

Single: $100,000
Couple: $100,000

‎
‎
Comfortable budget

Allows a healthy retiree to be involved in a broad range of leisure and recreational activities and to have a good standard of living past retirement age.

The annual budget (including part Age Pension) would be approximately:

Single: $52,085
Couple: $73,337

The super balance you will need at 67 to afford this:

Single: $595,000
Couple: $690,000

As at June 2024. To learn more, read our articles about how much super should I have in my 30s, in my 40s or in my 50s. 

Step 2

 

Personalise projection results

SuperGuru’s Retirement Tracker or the MoneySmart Retirement Planner are both good options to help project what your retirement finances may look like.

These calculators don’t use your personal details, and instead generate a projection based on standardised assumptions.   

You can choose to personalise your projections, which should increase the accuracy of your results.  

Here’s how you can personalise your results using information from your member portal or our website.

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You can change the estimated investment return from the assumed returns to the percentage returns1 from your investment option with Australian Ethical. 

You can find the investment returns on our website, and choose an appropriate return timeframe for your selected investment option (typically the option’s minimum investment timeframe).

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1 It’s also important to remember that past performance is not a reliable indicator of future performance.

If you’re using your Australian Ethical option returns in your calculations, you don’t need to add any fees to the calculator. We have already deducted fees and taxes from the past investment returns we publish on our website.  

In the assumptions list of the calculator, you can choose to type 0% and $0 for a more accurate estimate.  

If you have insurance through super, paying insurance premiums will impact your retirement savings as the cost is deducted from your account balance.

Find out your annual insurance premiums (multiple the monthly premiums by 12) from the Insurance tab on the top menu in your member portal.

This is general information only and does not take into account your individual investment objectives, financial situation or needs. Before acting on it, consider its appropriateness to your circumstances and read the Product Disclosure Statement (PDS), and Target Market Determination (TMD) available on our website for information on the benefits and risks of our Funds. You should consider seeking advice from an authorised financial adviser before making an investment decision. 

Step 3

 

Next steps

Image-Thumb-higher-1730179882776.png
If your projected retirement income is higher than your chosen budget
You could reflect on your retirement style
Image-Thumb-lower-1730179882541.png
If your projected retirement income is lower than your chosen budget
You could consider a few ways to boost your super

Australian Ethical acknowledges the Traditional Owners of the country on which we work, the Gadigal people of the Eora Nation, and recognise and celebrate their continuing connection to land, waters and culture. We pay our respects to Elders past and present and thank them for protecting Country since time immemorial.

See our Reconciliation Action Plan