This Superannuation Calculator gives you an indication of how much super you can potentially retire with. It only takes into consideration a few simple factors – your current age, the age you’d like to retire at, how much super savings you currently have, how much income you make and your superannuation contribution (which is currently a minimum of 9.5%).

We make the following assumptions in our calculations:

• Your current balance as well as your contributions earn 7.8% per annum
• The contributions tax rate is 15%
• Your salary will grow by 3% per annum.
• Interest is compounded quarterly within your superannuation fund.

All this calculator does is give you a rough indication of what you can potentially expect, so use it as a simple guide. For a more accurate assessment for your personal situation, you will need to talk to your CPA or licensed financial planning adviser.