My retirement simulator is a free, easy-to-use tool that will give you an indication of:
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how much you can spend in retirement
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how long your funds may last (depending on when you retire, how much you draw out of your superannuation each year, and how you invest your funds).
My retirement simulator can help you see the long-term effects of your retirement choices on things you can control, such as:
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your retirement age and the impact of retiring sooner or later
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changing the amount of income that you draw from your fund once you stop working
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changing your investment mix
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using a building for retirement strategy
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changing the amount of investments you hold inside and outside of superannuation
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making extra contributions, either through regular salary sacrifice, or personal contributions either as regular or as a one-off lump sum.
You can design different retirement scenarios so you can see the effect your decisions make on how long your funds might last in retirement. You can develop up to three different scenarios and compare the results
A useful starting point
While My retirement simulator is a useful starting point, it cannot replace expert, licensed financial advice and should not be used as the basis for any investment decision.
You can build a full understanding of your retirement planning position by working with a qualified financial planner to develop a plan based on your personal situation, time to retirement, risk profile and life goals.
Test drive my retirement simulator today
Use My retirement simulator today to work out how much you are likely to need in retirement.
Print your results immediately, or wait to receive your emailed copy. The report explains your results, highlights some options and provides you with the assumptions behind the calculations.
It’s a great starting point for you to discuss more technical strategies with your financial planner. With a better understanding of your present financial situation, you’ll be in a much better position to plan for the future.