There are several online superannuation calculators available in Australia to help estimate how much superannuation a person should have based on their age, income, retirement goals, and other factors. Here are some useful tools and resources:
- PrimeSuper Retirement Needs Calculator - Helps estimate how much super you might need to retire comfortably in Australia based on your lifestyle goals and income sources like super savings, government Age Pension, and other investments. It provides a customized retirement income estimate.
- QSuper Super Projection Calculator - Models how much super you're on track to have, the income you can expect in retirement, and how long your super might last. It accounts for employer and personal contributions, salary inflation, pension payments, and other factors.
- MoneySmart Superannuation Calculator - Calculates how much super you'll have when you retire based on your contributions, fees, investment returns, and inflation assumptions. It adjusts for concessional and non-concessional contribution caps and applies reasonable future growth assumptions.
- NGSSuper Super Calculator - Estimates your projected super balance and how much income it could provide in retirement, including options to model changes like career breaks or part-time work.
- Hostplus Retirement Fund Calculator - Provides a guide for how much super a single person or couple might need to retire comfortably, with balances by age to track your progress. For example, a single person around age 65 may need about $571,000 for a comfortable retirement.
Using one or more of these calculators by inputting your age, current super balance, salary, expected retirement age, and desired retirement income will give a personalized estimate of how much super you should have. If preferred, I can help guide you to a specific calculator or assist in interpreting the results based on your details. Would that be helpful?
