Pension Minimum Drawdown Calculator
Calculates the minimum yearly payment from an account-based pension.
Your result
Estimate only. Results update as you type.
How this calculator works
Minimum = balance on 1 July × age-based rate (4% under 65, 5% at 65–74, 6% at 75–79, 7% at 80–84, 9% at 85–89, 11% at 90–94, 14% at 95+).
Worth knowing
Missing the minimum can cause the pension to lose its tax-free status for that year.
Guides for this calculator
- Pension Minimum Drawdown Calculator: Formula, Example and What the Result Means
- Pension Minimum Drawdown: What to Check Before You Trust the Number
Questions
- Are the projections guaranteed?
- No. Investment returns vary from year to year. Treat projections as a guide for planning, not a forecast.
- What is the super guarantee rate?
- It is 12% of ordinary time earnings from 1 July 2025.
- Should I get advice?
- For decisions like salary sacrifice, contribution strategies or retirement income, a licensed financial adviser can look at your full situation. This site provides general information only.
This calculator gives general estimates using published Australian rates and formulas. It doesn’t consider your personal circumstances. Check current figures with the ATO, your state government or a qualified professional before making decisions. See our disclaimer.