Retirement Income & Spending Planner
Retirement Income & Spending Planner
See the full picture - income, expenses, and how long your money will last
⚠️ Important: This is a planning tool, not financial advice. Results are estimates based on the figures you enter and the assumptions you choose. Consult a qualified financial adviser before making major financial decisions.
Fill in each section below with your best estimates. You do not need exact figures - reasonable estimates give you a useful picture. Leave fields at zero if they do not apply.
🌏 Your Situation
Leave blank if already retired
How long do you want your money to last?
💰 Regular Income
Enter amounts per fortnight, month, or year - choose below
Age Pension (Centrelink)
$
Defined benefit pension, annuity
$
Regular withdrawals from super or retirement savings
$
Any employment income (before tax)
$
Net rental income after property expenses
$
Dividends, interest, managed fund distributions
$
Any other regular income
$
per month
$
0
🏦 Savings & Assets for Drawdown
Lump-sum balances that you will draw on over time
Total current super balance (all funds)
$
Savings accounts, term deposits, offset accounts
$
Shares, managed funds, ETFs (outside super)
$
Any other assets you plan to draw on
$
Available for drawdown
$
0
🧾 Living Expenses
Enter amounts per fortnight, month, or year - choose below
Rent or mortgage, rates, home insurance, maintenance
$
Electricity, gas, water, phone, internet
$
Groceries, dining out, takeaway
$
Car loan, fuel, registration, insurance, public transport
$
Health insurance, medications, dental, optical, specialists
$
Clothing, grooming, personal care
$
Hobbies, memberships, subscriptions, social activities
$
Family gifts, charity, religious contributions
$
Holidays, weekends away (average per year)
$
Anything not covered above
$
per month
$
0
⚙️ Assumptions
These affect projections - adjust to suit your situation
% per year
Typical balanced fund: 4-6%
% per year
Long-term average: 2.5-3.5%
%
AU super drawdowns are tax-free after 60💡 Tips for Retirement Planning
- Use today's dollars: Enter what things cost now. The calculator adjusts for inflation automatically in the projections.
- Be honest about expenses: Most people underestimate what they spend. Check bank statements for a more accurate picture.
- Health costs increase with age: Budget more for health expenses in later years. This is the most underestimated retirement cost.
- The first years cost the most: New retirees often spend more on travel and lifestyle. Spending typically drops in later years.
- Plan for the unexpected: A car replacement, home repair, or health event can cost tens of thousands. Build a buffer.
- Review annually: Come back and update your figures each year. Circumstances change, and so should your plan.
- Consider a financial adviser: This tool shows you the big picture. A qualified adviser can help with tax, asset allocation, pension eligibility, and estate planning.