Transition to Retirement Calculator
Estimate the income a transition-to-retirement pension could provide while you keep working reduced hours before full retirement.
Your results
Calculation breakdown
- TTR income
- balance × min(chosen drawdown %, maximum TTR limit)
Worked example
A $350,000 balance drawn at 8% under a 10% TTR cap provides about $28,000 a year while still working.
Assumptions
- Requires having reached preservation age and being eligible for a TTR pension.
- Does not calculate tax payable on the pension income.
How this calculator works
This calculator estimates the annual income available from a transition-to-retirement (TTR) pension based on your super balance and a chosen drawdown percentage, subject to the standard TTR maximum drawdown limit. It is a starting point for exploring a TTR strategy alongside reduced work hours.
Rates sourced from the Australian Taxation Office for the 2026–27 financial year. Last reviewed 01/07/2026.
Frequently asked questions
Who can start a TTR pension?
You generally need to have reached your super preservation age; TTR pensions have both a minimum and a maximum annual drawdown limit.
What is the maximum drawdown for a TTR pension?
TTR pensions are typically capped at 10% of the account balance each year while you haven't met a full condition of release — this is an editable input here.
Is TTR income taxed differently?
Tax treatment depends on your age and the fund's tax-free/taxable components — seek personal advice, as this calculator doesn't calculate tax on the pension itself.
Results are estimates only and are not financial, tax, legal or credit advice.
Rates and thresholds are configured for the 2026–27 Australian financial year and should be reviewed when government settings change.
Actual entitlements can depend on your award, enterprise agreement, contract, employment status and individual circumstances.