Retirement Income Calculator


The Retirement Income Calculator is an industry-leading retirement income calculator, which enables you to estimate your projected super balance and how long it may last in retirement.

The Calculator is designed to estimate your total retirement income, including benefits you may receive from the Age Pension and non-super investments. You can also choose to factor in super details for your spouse or partner (if applicable) and see the impact of a career break or move to part-time work on your projected super balance. This enables you to more clearly assess your estimated financial position in retirement and what you may need to do to reach your desired retirement balance.

This Calculator does not know the future

The Calculator cannot take into account changes in your personal circumstances, actual future investment returns, inflation or future changes to the Age Pension and tax regulations.

Reasonable long-term assumptions have been made

The Calculator uses default assumptions about future investment returns and inflation which are considered reasonable at the current date based on long-term economic modelling (by Mercer Investment Consulting). You can modify these assumptions.

Results are in today's dollars

Showing results in today's dollars allows you to consider your future retirement income in the context of the cost of today's goods and services and your current standard of living.

The 'today's dollar amounts' have been calculated by deflating the projected dollar amounts based on the assumed rate of wage inflation as described on the Assumptions panel.

This Calculator is a guide only

The projections shown in this Calculator are intended as a guide only, based on the information you put in, and should not be used in isolation to make financial decisions. This Calculator does not take into account your personal objectives or your own financial situation and it cannot determine your actual final super benefit or income. Before making any decisions about your super or any other financial product, you should consider seeking advice from a licensed financial adviser and read the relevant Product Disclosure Statement (PDS).

Detailed information about the Calculator's assumptions and inputs is available once you start using the Calculator - simply click 'View' in the menu bar and select 'More Information'.


This Calculator has been prepared by Mercer Financial Advice (Australia) Pty Ltd (MFAAPL) ABN 76 153 168 293 for Virgin Money Super. Virgin Money Super is a plan in the Mercer Super Trust ABN 19 905 422 981. Virgin Money Super is issued by Mercer Superannuation (Australia) Limited (MSAL) ABN 79 004 717 533 AFSL 235906 as trustee of the Mercer Super Trust. Virgin Money Financial Services Pty Ltd (Virgin Money) ABN 51 113 285 395 AFSL 286869 is the Promoter of Virgin Money Super. For more information about Virgin Money Super, please refer to the Product Disclosure Statement (PDS) which is available free of charge on our website or by calling the Customer Care team on 1300 652 770. Any advice contained in this Calculator is of a general nature only, and does not take into account the personal needs and circumstances of any particular individual. Prior to acting on any information contained in this Calculator, you need to take into account your own financial circumstances, consider the PDS for any product you are considering, and seek professional advice from a licensed, or appropriately authorised, financial adviser if you are unsure of what action to take.

To the extent permitted by law, MSAL, Virgin Money, MFAAPL, their directors, officers, employees and related bodies corporate exclude any liability for any loss, damage (including any consequential loss or damage), claims and expenses (including but not limited to legal costs and defence or settlement costs) suffered or incurred by you directly or indirectly arising out of or in connection with your reliance on the information provided in the calculator or the estimates obtained using the calculator, whether in contract, tort including negligence, statute or otherwise.

This Calculator is not intended as an advertisement for any product issued by MSAL, Virgin Money, MFAAPL, or any of its related entities.

Copyright 2022 Mercer LLC. All rights reserved.