You can input a custom investment return, by going to: 'Disclaimer and Assumptions' > 'Edit Assumptions' > 'Edit user defined investment option'
Total savings
/month
?
Based on investing this monthly amount into a fund, and assuming [INVESTMENT_CHOICE] rate of [INVESTMENT_RETURN]% growth over a [YEARS_TO_RETIREMENT] year period.
What can I do now?
Paying extra into your super now could make a big difference later in retirement. It could mean the difference between being able to afford regular holidays or dinners out, and still being able to pay your bills in retirement.
The Small Change, Big Savings calculator is not a recommendation and is not intended to be an exact figure. It is intended to assist you in assessing the effects your contributions and investment choices may have on your retirement outcome. The estimate may change in the future as it does not take into account any changes in the cost of living between the time of the preparation of the estimate and the future time or future changes to laws after the date of preparation of these assumptions. Estimates are in today's dollars (present value).
Do not rely on this calculator to make decisions about your retirement. You should consider your own investment objectives, financial situation and needs and may wish to get advice from a licensed financial adviser before making any financial decisions.
Contributions
Savings are assumed to be added as regular, after-tax monthly contributions into your superannuation account. Monthly amounts are calculated by dividing the yearly calculation by 12. Super contribution limits are ignored.
Any contribution limits relating to a specific savings account are ignored. The calculator assumes all contributions can be saved without additional tax or fees.
Investment returns
Investment returns are assumed to be consistent for the duration of the savings period.
Insurance Premiums and Administration Fees
Insurance premiums and fixed dollar administration fees are ignored.
Everyday Items
The costs of the everyday items are estimates and do not necessarily represent the exact cost to you if you were to give up the item, at the specified frequency, as represented in the calculator.
The cost of each everyday item shown in the calculator is assumed to remain the same for the duration of the savings period. The effects of inflation on the cost of the item are ignored meaning the increase in savings is shown in today’s terms.
There are no fees, costs or taxes that are taken into account when calculating your total savings.
Investment period
When calculating how much extra you could save, it is assumed your investment period ends at age 67.
Inflation
The projection allows for future wage inflation of 4.0% pa and future price inflation of 2.5% pa.
Results are expressed in today's dollars by discounting with wage inflation in the accumulation phase and price inflation in the pension phase.
Target income is also assumed to increase at this rate.
These assumed inflation rates and the approach to discounting are consistent with ASIC Corporations (Superannuation Calculators and Retirement Estimates) Instrument 2022/603.