Give your super a health check and see how much you could have in retirement with our super projections calculator. All you need is 60 seconds and a few personal details.

How healthy is your super?

The super projections calculator provides an example of how much you could have in retirement. It does not take into account your personal circumstances, needs and objectives.

By continuing to the next screen you confirm that you have read the disclaimer and assumptions.

$000,000 Income in retirement
$000,000 Projected balance at retirement
00 Run out age

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$000,000 Income in retirement
$000,000 Projected balance at retirement
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If your super pension payment is less than the minimum allowed, we have assumed excess drawdown will be invested in super.


Please tell us about any additional contributions you make. The sliders are limited by your maximum available contribution.


Investment mix

See how your investment choice can affect your retirement income.

Part time work

Are you planning to work part time?


Transition to retirement

A transition to retirement strategy allows you to draw money from your super while you continue to work. You can top up your super by contributing some or all of your salary providing a tax-effective way of saving for retirement. We'll do these calculations for you to give you an idea of how this strategy may change your projected balance and income in retirement.

Age Pension

Help us calculate your age pension eligibility. Your Age Pension payments are automatically included in your retirement income.



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Your spouse contributes


Disclaimer and assumptions

The purpose of this calculator is to provide a superannuation benefit projection in retirement.

This calculator is intended for illustrative purposes only. It is not a prediction of your final superannuation benefit and should not be relied upon for making financial or product related decisions. The information is of a general nature only. It should not be considered as a substitute for reading the Member Booklet (PDS) relevant to your membership that contains detailed information about products and services offered by First State Super. Before making a decision about a First State Super product, you should consider the appropriateness of the product to your personal objectives, financial situation and needs. It may also be beneficial to seek professional advice from a licensed financial planner or adviser. The Member Booklet (PDS) is available at or by calling 1300 650 873.

First State Super does not accept any liability, either direct or indirect, arising from any person relying, either wholly or partially, upon any information provided by, resulting from, shown in, or omitted from, this calculator. Under no circumstances will First State Super be liable for any loss or damage caused by a user’s reliance on information obtained using this calculator.

This calculator is issued by FSS Trustee Corporation ABN 11 118 202 672 AFSL 293340 as Trustee of First State Superannuation Scheme ABN 53 226 460 365.


Wage inflation of 3.5% per year has been assumed by default. During the accumulation phase, wage inflation has also been used when discounting future amounts to current values. During the income stream phase, price inflation of 2.5% per year has been used when discounting future amounts to current values.

Personal income

Your salary is assumed to increase in line with wage inflation. In any future periods where you have a period of part-time employment, your salary is reduced pro-rata.

You are assumed to be an Australian resident for taxation purposes.

Tax calculations allow for personal income tax rates, the Medicare Levy, the Low Income Tax Offset and the Senior Australian Tax Offset. Threshold and Offset amounts in the first year are based on current rates. Thereafter they are indexed in line with wage inflation.

Employer contributions

You are assumed to receive superannuation guarantee contributions. The assumed rates of contribution are:

Financial year
01/07/2017 9.50%
01/07/2018 9.50%
01/07/2019 9.50%
01/07/2020 9.50%
01/07/2021 10.00%
01/07/2022 10.50%
01/07/2023 11.00%
01/07/2024 11.50%
01/07/2025 12.00%

Superannuation guarantee contributions are subject to the maximum contribution base, which is currently $52,760 per quarter. This threshold is indexed annually in line with wage inflation.

Member contributions

Regular concessional or non-concessional contributions entered by you are assumed to increase in each year in line with your salary. In any periods of part-time work, your contributions are assumed to decrease pro-rata.

The amount of a one-off non-concessional contribution entered by you is assumed to be fixed, and is not indexed.

Where a concessional or non-concessional contribution exceeds the corresponding legislated contribution thresholds, the contributions are taxed accordingly. Concessional contributions are taxed at 15% in the superannuation environment. Concessional contributions in excess of the contribution threshold are subject to additional tax; however this is levied in the income tax environment.

The concessional and non-concessional contribution thresholds are indexed in line with the assumed rate of wage inflation.

Contributions are assumed to be spread evenly across the year.


In each projection year, your eligibility for a Government co-contribution is assessed based on your salary and non-concessional contributions. A co-contribution is made to the superannuation account if applicable.

The co-contribution thresholds and maximum amount are indexed in line with wage inflation.

Investment earnings

Investment earnings vary depending upon the option chosen. The investment returns (after taxes and fees) assumed in the accumulation and transition to retirement phase are set out in the following table.

Earnings rate per year
for members aged < 60
Earnings rate per year
for members aged > 60
High Growth 6.50% 6.50%
Growth 6.25% 6.25%
Diversified (SRI) 6.25% 6.25%
MySuper 6.25% 5.25%
Balanced Growth 5.25% 5.25%
Conservative Growth 3.50% 3.50%

In the retirement income stream, the above rates are assumed to be 0.50% per year higher because the investment earnings are not taxed. These rates are based on the long-term investment objectives of each investment option, which we consider to be reasonable.

Investment earnings are assumed to be credited continuously to the fund.

Fees and insurance premiums

Fees and insurance premiums are assumed to be as follows:

Accumulation Income Stream
Management cost (% of assets per year) 0.15% 0.40%
Dollar expense fee (per year) $52.00 $52.00
Contribution fee (% of contribution) 0% n/a
Insurance premium (per year) $242 n/a

Fees are assumed to be tax-deductible in the fund. Contribution fees are deducted at the time of contribution. Other fees and insurance premiums are deducted continuously.

Dollar fees and insurance premiums are assumed to increase in line with the assumed level of general wage inflation. Other fees are assumed to remain constant in percentage terms over the projection period.

Life expectancy

Life expectancies allow for future mortality improvements. They were derived based on the medium mortality rate assumptions in the Australian Bureau of Statistics in "Population Projections 2006-2101".

Age Pension

Current Age Pension thresholds and rates of payment are allowed for, based on your single/couple and home owner status.

The Age Pension is subject to an asset test and an income test.

The asset test is based on the accrued balance of superannuation assets and other assets.

The income test is based on deemed, rather than actual, income on superannuation and other assets.

Rates of payment are indexed in line with Average Weekly Earnings. Asset and income test thresholds are indexed in line with CPI. The threshold for estimating deemed income is indexed in line with CPI.

The model takes into account the age pension asset test changes from 2017 onwards.

Transition to retirement

The transition to retirement optimisation:

  • assumes that you continue working at the same rate
  • assumes you make additional salary sacrifice contributions and draw a pension such that your net income remains constant
  • calculates the contribution and drawing level which maximises the benefit within the superannuation environment
  • assumes the investment earnings shown in the table above and the fees shown above for Income Stream.


The drawings from superannuation in retirement are calculated as: Required income less other income (as entered by you) less any age pension amounts (as calculated by the program).

Minimum drawings

There are statutory minimum superannuation drawings in both the transition to retirement phase and in retirement (once funds have been converted to the income stream phase). For the purpose of this projection, this minimum is effectively ignored in the transition to retirement phase, on the basis that any excess drawings could be re-contributed as non-concessional contributions. The minimum drawing amount is also ignored in the income stream phase because if they were not required to be spent to meet your target income, the funds would still be available, for example in a bank account.

$1.6 million transfer balance cap

The calculator takes into account the $1.6 million cap on the total amount of superannuation savings that can be transferred from an accumulation account to an income stream account. The cap is indexed annually in line with the consumer price index and will increase in $100,000 increments.

Where your projected balance at retirement is greater than the cap, any excess above the cap will be retained in an accumulation account. The calculator assumes that you will draw your minimum statutory superannuation drawings from your income stream account. If you nominate a target income amount greater than your minimum, the calculator assumes this amount will be drawn from your accumulation account (after allowing for any age pension entitlement you may have).

There are no guarantees

The illustration of your projected retirement income is not a promise or guarantee that when you retire you will receive the amount displayed. This is because the illustration is based on a number of assumptions as shown above.


The estimates produced by the calculator may differ from your actual future outcomes, as a result of some of the limitations listed below:

  • The rate of wage inflation is assumed to be 3.5% and price inflation is assumed to be 2.5%. This may over or under-estimate your retirement income projection depending on the actual rates of inflation for the specified period.
  • Investment returns have been calculated based on various assumptions and may be higher or lower than assumed.
  • The retirement income projection is calculated on the basis of legislative and taxation conditions currently in force. These conditions may change over the course of your working life which will impact your retirement income.

Edit Assumptions

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