Retirement Income Calculator
Estimate the sustainable annual income your superannuation balance could provide throughout retirement.
Your results
Calculation breakdown
- Annuity payment
- balance × rate ÷ (1 − (1 + rate)^−years)
Worked example
A $500,000 balance drawn over 25 years at a 5% return provides roughly $35,500 a year.
Assumptions
- Assumes the balance is fully drawn down to zero by the end of the period.
- Excludes the Age Pension and other income sources.
How this calculator works
This calculator estimates a sustainable annual retirement income from your super balance by spreading it over your expected retirement length at an assumed investment return, similar to an account-based pension. Adjust the return and duration to see how the estimate changes.
Frequently asked questions
How is sustainable income calculated?
It uses an annuity-style formula that spreads your balance and its ongoing earnings evenly over the number of years you specify.
Does this include the Age Pension?
No, this is based purely on your super balance; many retirees also receive some Age Pension depending on their assets and income.
What if I want the balance to last forever?
Reduce the withdrawal to roughly your assumed investment return, so the balance is preserved rather than gradually drawn down to zero.
Results are estimates only and are not financial, tax, legal or credit advice.