- Superannuation
- Your one SuperSolution for life, built on world class investments.
- Self Managed Super
- Bolster your portfolio with unique investment options
- Retirement
- Financial flexibility, into and throughout retirement.
- Fund investors
- Innovative strategies, traditionally reserved for the world's largest investors
-
- About Russell
- Our mission is simple. We work to improve the financial security of investors just like you.
The amount below is what you should have saved in super now
$...* Assumptions
Assumptions:
Savings will last 25 years in retirement, from age 65 to 90 Inflation rate 3.5%p.a. Rate of return on investments:
- Conservative 6.8% p.a.
- Balanced 8.1% p.a.
- Growth 8.7% p.a.
Eligibility for Age pension has not been included in these projections. You need to consider how applicable these assumptions are to you.
The result is based on a lump sum at age 65 that will generate a target income of 65% of pre-retirement income. This is only a guide and you may need more or less than 65% of pre-retirement income to fund your retirement.
Are you on Track?
Will you have a gap at retirement?
Rather than waiting until retirement to find out you have a shortfall, you can avoid a gap just by checking how you’re going along the way and taking action if you need to.
Use the simple savings calculator above to help you identify how much you should have saved in your super now, to be on track to have a lump sum at 65 that will generate a target income of 65% of pre-retirement income.
It’s important to note that this is only a guide and you may need more or less than 65% of pre-retirement income to fund your retirement.
Once you stop working, returns will drive growth in your savings. As this result takes into account return on investment, if you selected a conservative option, the amount you need to have saved now may be higher than if you selected a growth option. This is because generally growth options have a higher return over the long-term.
Getting your super on track
You’ve worked out where you need to be, so the next step is to make it happen. You can influence how much you have at retirement by focusing on 5 key areas