Once you’ve worked out how much money you might need in retirement, the next step is to check whether you’re on track to reach your goal.
Here are two calculators you can use:
Retirement Planner Calculator
The Retirement Planner calculator on the MoneySmart website can estimate your potential superannuation balance at retirement, and will project your annual income including Government Age Pension entitlements (but excluding any other income sources).
If you are a Christian Super member, you can also access our FREE SmartAdvice tool for a more detailed assessment of your expected financial position during retirement. Simply log in to your online MemberAccess account and click the SmartAdvice link to get started.
If you don’t think you’re on track, there are some simple things you can do to boost your superannuation savings like making additional personal contributions. You may also wish to consider getting financial advice to help you understand how you might go about reaching your target.
If you have any questions please contact our Member Care Team – we’re here to help.