How Much Money Do You Need to Retire?
Estimate how much money you might need to retire. Choose your spending, retirement age and whether to include an Age Pension estimate.
How this tool works
Reviewed 12 September 2026. Services Australia settings from July 2026 and ASFA March-quarter 2026 budgets.
Calculation outline
- Solves for savings and investments needed to fund the entered real spending through the selected plan age, allowing for returns, inflation, other income and a simplified Age Pension estimate.
- The pre-super-access bridge subtracts other income from spending from its start age. Nonfinancial assessable assets affect the assets test only; deeming applies to financial investments.
Worked example
Example: retiring before age 60 creates a separate savings for the years before super for the years before the model’s simplified super access age.
Limits
- The Age Pension estimate excludes Work Bonus, Rent Assistance, overseas rules, different partner ages and several specialised pension treatments.
- Returns and inflation are smooth assumptions; the model does not simulate market sequence risk, tax by account type or aged-care costs.
Sources
- Services Australia Age Pension rates
- Services Australia Age Pension assets test
- Services Australia Age Pension income test
- ASFA Retirement Standard
This tool provides general information and illustrative estimates only. It does not consider your objectives, financial situation or needs and is not personal financial, tax or legal advice.