Compare us. Why QSuper? More reasons to join. Grow your super Salary sacrifice Super co-contribution Voluntary contributions Spouse contributions Contribution caps Tax deductions. Consolidate your super. Find your lost super. Changing jobs. Nominate beneficiaries. Early access.
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Change or cancel your insurance. Make an insurance claim. What is your super question? Knowing how long your money will last is quite important to understand, particularly if you plan on being off work temporarily, reducing to part-time hours, or have decided to hang up the boots for good.
What you really need to know is how long can you cover your expenses before your savings are completely exhausted. Therefore, understanding your expenses is the first step to calculating how long your money will last. When calculating your expenses, you need to include everything that your savings will need to cover; including groceries, car expenses, any loan repayments, taxes, travel, etc.
The next step is to estimate the investment return you expect to receive from your savings. Now, we can calculate how long your savings will last. My first year calculation would be:. You may find an excel sheet is useful to project this out over a number of years remember to take inflation into account!
Related article: Retirement Income Calculator. In Australia, we are fortunate to have the safety net of the Age Pension, together with the tax-effective retirement savings platform known as superannuation. Because of this, most generic calculators will understate how long your money will last in retirement. You need a calculator that includes the Age Pension and the concessional tax treatment of superannuation.
Related Article: Australian Retirement Age. The tables below show how long your money will last in a range of scenarios and whether you are single or a couple. Join as a member. Register as an employer. Register as an adviser. Why Sunsuper? Why us? Compare us Highly rated Strong performance Lower fees. Online access Mobile app Industry super fund Community support.
Ready to make the switch? Join in 5 minutes. One of Australia's most awarded funds. Member Join Online. Contribute to super Salary sacrifice Voluntary contributions. Find and consolidate super.
Access your super When can you access super? Early access to super. Choose to combine your super. Choose one fund, and make it a good one. Search for your lost and other super and combine it into your Sunsuper account using our instant rollover tool. Show me.
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