Retirement Income Simulator

Effective 20th September 2015 the maximum Age Pension has been increased to $867 per fortnight for singles and $1,307 per fortnight for couples. This is around a 0.8% increase from the previous figures which were last updated in March 2015.

Indexing of the means test and deeming thresholds is now with inflation (CPI) rather than wage growth. In the past we prioritised simplicity by using a single indexer/deflator (wage growth), but in reality these thresholds are indexed with CPI. This makes more difference for those retiring in the longer term than now. See our previous post.

We have also updated the budget planner with the June 2015 (latest available) ASFA Retirement Standard figures to fund a comfortable standard of living for those entering retirement. More details about the standard can be found here.

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Posts by Quarter

2022 q3

Calculator update 1 July 2022

2021 q3

Calculator update 1 July 2021

2020 q4

Tax changes arising from Federal Budget 2020

2020 q3

Calculator update 1 July 2020

2020 q2

Making the simulator more accessible
Two new RIS features

2019 q3

Deeming rate changes July 2019
Calculator update July 2019

2019 q2

Inflation update
Home loan feature

2017 q3

New enhancement for the self-employed
Calculator update July 2017

2017 q1

Calculator Updates for March 2017

2016 q4

Calculator Updates for December 2016
Inflation update
Calculator updates for October 2016

2016 q3

Modelling inflation in the simulator
Calculator updates for July 2016

2016 q2

Federal Budget 2016
Calculator updates for April 2016

2016 q1

Career changes in the Retirement Income Simulator
Changes to online calculator regulations

2015 q4

Calculator updates for December 2015
Alternative input methods for the Retirement Income Simulator
Retirement Income Simulator improvements for the retirement phase

2015 q3

Age Pension and ASFA Retirement Standard changes
How much super do you need?
Calculator Updates for July 2015

2015 q2

Congratulations to Media Super
Infographics for simplified retirement planning
Retirement Income Simulator gets a responsive redesign