Super Detective
Investigate your super journey. Now you can be a super sleuth and gauge how your superannuation balance measures up. Simply enter your age and ASFA’s Super Balance Detective will show you how much super you should have today.
SUPER CALCULATOR
Based on $75,000 a year income
Based on $75,000 a year income
Based on $100,000 a year income
Important information about the Super Detective
This calculator is intended for illustrative purposes only. This information is of a general nature only and should not be relied upon for making financial or product related decisions.
Important information about the Super Detective
Important information about the Super Detective
The reported figure is the approximate amount a person should have in superannuation now to reach the ASFA Comfortable Standard balance by age 67, assuming a future pre-tax wage income of either $75,000 or $100,000 per annum (see below for other assumptions). For younger ages, the calculator assumes a lower income, as annual incomes of $75,000 and $100,000 are generally not reached until age 30 or above. Specifically, for the $75,000 scenario, a lower wage is assumed until age 30, while for the $100,000 scenario, a lower wage is assumed until age 35. The Comfortable Standard balance, which is the lump sum required for a comfortable retirement, is $630,000, in today’s dollars. The lump sum required for a comfortable retirement assumes that the retiree will draw down all their capital, and receive a part Age Pension.
Assumptions: The Superannuation Guarantee contribution rate is 12%. Contributions tax is deducted at the rate of 15%. Investment returns (nominal), before investment fees and taxes, are 6.7% (investment fees are 0.7 per cent of assets, and the tax rate is 4.5 per cent). Administration fees are $100 per annum. Insurance premiums are $100 per annum.