Superannuation calculator
Use our free superannuation calculator to see your projected retirement balance, and how this could change by switching funds.
Superannuation calculator
The results of this calculator are best estimates based on assumptions that can vary. This calculator is not intended to make future financial decisions.
Before making any financial decisions consider your own financial circumstances, needs and objectives and consider getting professional financial advice.
Edit assumptionsThe information provided by this calculator is general in nature and does not constitute professional or personal advice.
What the superannuation calculator can show you
The calculator will show you your estimated super balance at retirement based on your current situation and super fund. Let's look at the following example.
Let's say you're 25, earning $80,000 a year, making no additional contributions and have a current super balance of $30,000. Your annual fees are $300 and your rate of return is 7% p.a. Your projected super balance by age 65 is $514,260.
Starting balance | Annual fees | Return rate | Additional contributions | Projected balance at 65 | Additional balance at 65 |
---|---|---|---|---|---|
$30,000 | $300 | 7% p.a. | $0 / year | $514,260 | - |
What happens when you reduce your super fees?
The calculator is also designed to show you how much your retirement balance can increase by switching to a super fund with lower fees or higher returns (or both!).
Using the exact same situation as above, and changing nothing but reducing the fees from $300 a year to $150 a year, your new projected balance at 65 would be $522,797. That's an extra $8,537 in your balance at retirement, just by switching to a fund with lower fees.
Starting balance | Annual fees | Return rate | Additional contributions | Projected balance at 65 | Additional balance at 65 |
---|---|---|---|---|---|
$30,000 | $150 | 7% p.a. | $0 / year | $522,787 | $8,537 |
What happens when you increase your super returns?
You can also use the calculator to see how much your balance is impacted when you change your rate of return.
Once again using the same example, except this time changing only the return rate from 7% p.a. to 9% p.a., your new projected balance at 65 would be $633,821. That's an extra $119,561 in your balance when you retire!
Starting balance | Annual fees | Return rate | Additional contributions | Projected balance at 65 | Additional balance at 65 |
---|---|---|---|---|---|
$30,000 | $300 | 9% p.a. | $0 / year | $633,821 | $119,561 |
What happens when you make extra super contributions?
The calculator can also show you the power of making small, additional contributions into your super over your working life.
Using the same example, let's say your fund details stay exactly the same but you make additional annual contributions of $1,000 per year into your super. You'll instead retire with a projected balance of $574,557 - an extra $60,297.
Starting balance | Annual fees | Return rate | Additional contributions | Projected balance at 65 | Additional balance at 65 |
---|---|---|---|---|---|
$30,000 | $300 | 7% p.a. | $1,000 / year | $574,557 | $60,297 |
Ready for a new super fund? Compare your options now.
Unless indicated otherwise, the information in the table is based on data provided by SuperRatings Pty Limited ABN 95 100 192 283, Australian Financial Services Licence 311880.
*Past performance data and fee data is for the period ending Feb 2024
Frequently asked questions
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Since 2017, we've helped over 200,000 people find a super fund by comprehensively comparing funds. We'll never ask for your personal information. We're here to help you make a decision.More guides on Finder
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