Project your super balance at retirement and estimate your annual retirement income
Quick Answer:With the 2026 employer super guarantee rate of 11.5%, a 30-year-old earning $90,000 with $50,000 in super could accumulate over $800,000 by age 67 (in today's dollars), providing roughly $32,000/year in retirement income under the 4% rule.
Projected Super at Retirement
Calculating... in today's dollars
Annual Retirement Income (4%)
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Tax on Contributions (15%)
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Total Employer Contributions
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Gap vs Comfortable Retirement
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With the super guarantee rate at 11.5% in 2025-26 and set to reach 12% from July 2025 onward, your employer contributions are higher than ever. Consider topping up with voluntary salary sacrifice contributions to take advantage of the 15% concessional tax rate -- especially if your marginal tax rate is 32.5% or higher. Even an extra $200/month from age 30 can add over $150,000 to your retirement balance thanks to compound growth. Remember the concessional cap is $30,000/year including employer contributions.
The superannuation guarantee rate in Australia for the 2025-26 financial year is 11.5%. This rate is legislated to increase to 12% from 1 July 2025 onward under the Treasury Laws Amendment. Employers must contribute at least this percentage of an employee's ordinary time earnings into their super fund. If your employer contributes more than the mandated minimum, this calculator allows you to adjust the rate accordingly.
According to the ASFA Retirement Standard, a single person needs approximately $595,000 and a couple needs around $690,000 in super at retirement for a comfortable lifestyle. A comfortable retirement provides about $51,000 per year for singles and $72,000 for couples, covering good food, leisure, travel, and health insurance. A modest retirement requires less -- about $100,000 for singles -- but only provides around $32,000/year. This calculator shows your projected balance against the ASFA comfortable benchmark.
Yes, voluntary concessional (before-tax) contributions are tax-deductible up to a cap of $30,000 per year (including employer contributions). These contributions are taxed at 15% within the super fund, which is lower than most marginal tax rates. Non-concessional (after-tax) contributions are not tax-deductible but are not taxed again within the fund, with an annual cap of $120,000. You can also carry forward unused concessional cap amounts from the previous 5 years if your total super balance is under $500,000.