Retirement Drawdown Calculator
Estimates how long retirement savings last with a fixed yearly withdrawal.
Your result
Estimate only. Results update as you type.
How this calculator works
Each year the balance earns the return, then the withdrawal is taken out, until the money runs out.
Worth knowing
Account-based pensions have a minimum yearly drawdown, so check your planned withdrawal meets it.
Guides for this calculator
- Using a Retirement Drawdown Calculator in Australia: A Step-by-Step Guide
- Common Retirement Drawdown Mistakes (and a Better Way)
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.