Retirement income simulator

Our retirement income calculator can help you to:

  • Estimate the level of you (and your partner's) superannuation benefit at retirement and see whether you might have sufficient funds to provide for your desired standard of living.
  • See whether you might be able to receive government support to supplement your own retirement savings, in the form of the Age Pension.
  • See how different market situations might impact your situation.

Calculate today

How do I use the retirement income calculator?

To get a look at how long your super will last, what your retirement income will be and more, follow the steps below:

Enter information about your current circumstances.

Add in your age, gender, current income and super balance.

See your Super projection.

We’ll show you your projected future retirement income and age pension projections based on your inputs.



Assess your retirement position and adjust your inputs by adding contributions, shift retirement age or change your retirement income to assess the impact of changes and create a plan.

Ready to get started?

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More about superannuation and retirement

  • What is the age of retirement in Australia?

    You can retire at any age you choose, but there are a couple of key ages you need to take into consideration when you are looking to do so.

    The first is the age you can access your superannuation, known as your preservation age. This is the minimum age that you can access your super when you are retiring, and can be between age 55, and age 60 depending on your date of birth.

    If you were born before 1 July 1960, then your preservation age is 55. If you were born on or after 1 July 1964, then your preservation age is 60 years. If you were born after July 1960 and before July 1964, then your preservation age will be 56, 57, 58 or 59 years respectively.

    Under normal circumstances, accessing your super benefits requires you to meet two conditions:

    • Reaching your preservation age
    • Retiring from the workforce

    Note: If you withdraw your superannuation before the age of 60, your benefit payment may be subject to tax.

    The second is your pension age. This is the age at which you are eligible to apply for the Age Pension. This also depends on your date of birth. The table below provides your pension eligibility age based on your year of birth.

    If your birthdate is: Your pension age is:
    1 July 1952 to 31 December 1953 65 years and 6 months
    1 January 1954 to 30 June 1955 66 years
    1 July 1955 to 31 December 1956 66 years and 6 months
    From 1 January 1957 67 years
  • How much super do you need to retire?

    Your retirement is completely up to you, and what you want in retirement today could change over time. Today it is important to think about what type of retirement you may like and how much money you will need to help you enjoy it. Find out more about how to build your super.

  • How do you make sure you are super fit for retirement?

    A bit like your fitness routine, it is important to monitor your super regularly. Review where your money is invested, the fees you are paying, the performance of the fund, and your insurance to see how it aligns to your other financial products.

  • If there is a gap what can you do?

    Take stock of where you are today and assess your options for building your super. For more information check out build your super, making super contributions and consolidating your super.

    And remember as a Virgin Money Super customer, we offer Simple Super Advice at no additional cost to you, to help you plan for your future.

We're here to help

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Talk to our Customer Care team Mon-Fri 8am-6pm (AEST) apart from public holidays on 1300 652 770

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Talk to one of our business specialists Mon-Fri 9am-5pm (AEST) apart from public holidays on 1300 855 040