*Required Field

Retirement savings gap illustration - Your details

Retirement income goal

 

You

What income would you like each year (based on today's dollars)*

$

Personal details

Your gender M/F *

    

Current age *

Preferred retirement age *

Superannuation details

Current super balance *

$

Tax-free components in super balance

$

Gross salary (pa) *

$

Employer SG contributions to super (pa) *

%

Salary sacrifice contributions (pa)

$

Salary sacrifice contributions (pa)

%

Personal after tax super contributions (pa)

$

Anticipated returns from super (pa)

%

Other investments

Current value

$

Extra savings invested (pa)

$

Anticipated investment returns (compounded) (pa)

%

 

Please press

 

 

Assumptions

General inflation

Rate of general inflation to be applied to calculations

%

Your income goal

Retirement income indexed each year by (pa)

%

Your superannuation

Employer SG contributions indexed each year by % (pa)

%

Salary sacrifice contributions indexed each year by % (pa)

%

Personal after tax contributions indexed each year by % (pa)

%

Investment income in super taxed at % (pa)

%

Your other investments

Other savings investments indexed each year by % (pa)

%

In retirement

In retirement the anticipated investment return is %pa

%

The income component of the investment return is %pa

%

 

This screen displays the default assumptions used. These can be changed. To see your results, press 'Calculate'

 

 

 

Retirement savings gap illustration

 

Client assumptions

 

Current age

 

 

Preferred retirement age

 

 

Retirement income goal

 

 

Likely Life Expectancy from retirement age (years)

 

 

Investment assumptions

 

Current super balance

 

 

Current employer contributions (includes salary sacrifice)

 

 

Personal after tax contributions

 

 

Years to retirement

 

 

Anticipated returns from superannuation

%

 

Estimated superannuation balance at retirement

 

 

Current balance of other investments

 

 

Extra savings invested (pa)

 

 

Anticipated investment returns

%

 

Years to retirement

 

 

Estimated value at retirement

 

 

Total retirement capital available

 

 

Calculations

 

Retirement capital required

 

 

Capital required to generate the required income for the term of the calculation

 

 

Conclusion

 

 

Total retirement capital available

 

 

Total retirement capital required

 

 

 

 

 

Are you likely to have enough capital

 

 

 

 

 

 

 

 

 

Assumptions:

 

This calculator assumes non-super investments have been redeemed just before retirement and disregards any capital gains tax. Proceeds are contributed to super and are used to commence an income stream.

 

Current superannuation contribution summary

 

 

Employer contributions after contributions tax (includes salary sacrifice contributions)

 

 

Personal after tax contributions

 

 

Total

 

 

Increase to approximately

 

 

Amount of increase required

 

 

If you need to increase your super savings, you can either make a personal after-tax contribution or the equivalent pre-tax salary sacrifice contribution.

 

 

 

Please press

 

 

 


Disclaimer

The results produced are based on a number of assumptions, including the continuation of current tax laws, and are therefore illustrative only. No representation or guarantee is provided regarding the future performance of any superannuation product.

The calculator is provided for your personal use and you may not otherwise copy, re-produce, licence, distribute or use the calculator for other purposes, without the prior written consent of Bridges.

This is general advice only and has been prepared without taking into account your particular objectives, financial circumstances and needs. Before making any decision based on this calculation, you should assess your own circumstances or consult a financial planner. To the extent permitted by law, Bridges will not be liable to any party for any loss or damage arising, either directly or indirectly, from the calculator. Further, Bridges does not make any representation or warranty about the accuracy of the results.