Retirement Income Simulator

We have just added a much requested feature! You now can now model your home loan inside the "Other assets/income" panel: home loan feature setting

By selecting Yes, repaying you'll get a nice graph showing your home loan balance:

home loan balance graph

The good news is that if your home loan is paid off before retirement, then everything works much the same as it always has.

However, if your home loan is not paid off by retirement, then you'll see a notification:

home loan notification

Which will hopefully set off some alarm bells!

If you want to pay off your home loan when you retire, you can use the "Retirement Lump Sums" panel:

home loan payoff using lump sums

This allows you to assign a lump sum withdrawal to pay off your loan, so you can see where you stand for retirement.

If you were to withdraw a lump sum to pay off your home loan, you can see it reflected in the home loan graph:

home loan paid off

And of course, this is then reflected in your super balance :

home loan paid off

We hope that this new feature makes the calculator even more flexible and gives you options for planning for your retirement. If you have any queestions don't be afraid to contact us.

Tags: homeloan newfeature mortgage

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Posts by Quarter

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