Free Australian Super Calculator
Take control of your financial future with Australia’s most detailed superannuation calculator.
Project your retirement balance, optimize tax strategies, and discover how small changes today can create extraordinary wealth for tomorrow.
Calculate your retirement future in 3 simple steps.
Enter Your Details
Provide your age, income, and current super balance.
Add Contributions
Include any voluntary contributions you plan to make.
See Your Future
Instantly get a detailed projection and visual breakdown.
Superannuation Calculator
Project your retirement balance
4Advanced Settings
Estimated balance at age 67
$1,200,000
≈ $60,000/year retirement income
Summary
Your Super Summary
Balance Breakdown
Superannuation Guarantee (SG) Rates
Employers must contribute 11.5% (2024-25) increasing to 12% from 1 July 2025.
Balance Projection
See how your super could grow over time.
Adding $50/week more
+$85,000
Retiring 2 years later
+$120,000
Retirement Income Rule
The 4-5% rule suggests you can withdraw about 4-5% of your balance annually.
Balance Breakdown
See where your retirement savings come from.
Year-by-Year
Contribution Comparison
See how extra contributions boost your retirement.
Tax Savings from Salary Sacrifice
Salary sacrifice is taxed at 15% instead of your marginal rate. On $100k income, sacrificing $5,000 could save you ~$1,350 in tax.
Contribution Caps 2024-25
- Concessional: $30,000/year
- Non-concessional: $120,000/year
AI Super Insights
Personalized recommendations based on your situation.
Years to Retire
37
SG Rate
11.5%
Cap Headroom
$18,500
Recommendations
General information only. Consult a licensed financial adviser.
ASFA Benchmarks
How does your projection compare to industry standards?
ASFA Retirement Standard (Sept 2024)
Travel, private health$595,000
Combined lump sum$690,000
Basic needs + Age Pension$100,000
You're on track!
Your projected balance exceeds the ASFA Comfortable standard.
Disclaimer: Estimates only. Consult a licensed financial adviser. Data based on ATO rates effective December 2025.
How Does Australian Superannuation Work?
The power of super lies in its tax advantages and compound growth over time. Contributions are generally taxed at just 15% (compared to your marginal tax rate), and investment earnings are taxed at low rates or tax-free in retirement.
By making additional voluntary contributions and choosing appropriate investment options, you can significantly boost your retirement savings and enjoy a more comfortable lifestyle.
ASFA Comfortable Standard
The Association of Superannuation Funds of Australia suggests around $595,000 is needed for a comfortable retirement for a single person, covering essentials plus leisure activities, private health insurance, and occasional dining out.
Types of Super Contributions
Understanding different contribution types helps you optimize your super strategy and take advantage of tax benefits.
Employer Contributions (SG)
Your employer must contribute at least 11.5% of your ordinary earnings (increasing to 12% in 2025)
Tax Treatment:
Taxed at 15% in the fund
Salary Sacrifice
Additional before-tax contributions deducted from your salary
Tax Treatment:
Taxed at 15% in the fund (vs. your marginal tax rate)
Personal Contributions
After-tax contributions from your own money
Tax Treatment:
Not taxed in the fund, may be eligible for government co-contribution
The Power of Compound Growth
One of the most powerful aspects of superannuation is compound growth – earning returns on your returns over many years. Even small additional contributions early in your career can result in tens of thousands of extra dollars at retirement.
Time is Your Greatest Asset
Starting early makes a huge difference. An extra $50 per week from age 25 could mean over $100,000 more at retirement compared to starting at age 35, thanks to the power of compound growth.
Key Superannuation Insights
Understanding these key concepts will help you make better decisions about your super.
Contribution Caps 2024-25
| Concessional: | $30,000 |
| Non-concessional: | $120,000 |
Exceeding these caps results in additional tax penalties.
Superannuation Guarantee
| Current Rate: | 11.5% |
| From July 2025: | 12.0% |
Minimum employer contribution rate on ordinary earnings.
Preservation Ages
| Born before 1960: | 55 |
| Born 1960-1963: | 56-59 |
| Born after 1963: | 60 |
Earliest age you can access your super (when retired).
Australian Superannuation Data
Overview for Australian superannuation datan(2024 Data)
Australian Superannuation Statistics 2024-25
Total Superannuation Assets: $4.2 trillion as at December 2024 (APRA Quarterly Statistics), of which $2.9 trillion is in APRA-regulated funds.
Average Superannuation Balance by Age (ATO/ASFA June 2024):
- Age 18-24: ~$8,500 average balance
- Age 25-34: ~$45,000 average balance
- Age 35-44: ~$110,000 average balance
- Age 45-54: ~$210,000 average balance
- Age 55-64: ~$380,000 average balance
- Age 65+: ~$450,000 average balance
Typical Balanced MySuper Asset Allocation: Australian Shares 24%, International Shares 30%, Property & Infrastructure 14%, Fixed Income 17%, Alternatives 10%, Cash 5%.
Key 2024-25 Rates: Superannuation Guarantee 11.5% (rising to 12% from 1 July 2025). Concessional contribution cap $30,000. Non-concessional cap $120,000. Transfer balance cap $1.9 million (rising to $2 million from 1 July 2025).
Data Sources: APRA Quarterly Superannuation Statistics December 2024, ATO Taxation Statistics, ASFA Research September 2024.
Highest Avg. Balance
$0
State
Lowest Avg. Fees
0%
State
Largest Market
0
State
Total Super Assets
$4.2T
Australia (APRA Dec 2024)
State-by-State Comparison
Average Super Balance by Age
Based on ATO/ASFA data (June 2024). Shows typical savings growth.
Typical Asset Allocation
Example breakdown for a 'Balanced' MySuper option.
Performance vs. Fees Overview
Bubble size represents estimated number of accounts.
Data Overview
| State | Avg. Balance | Avg. Fees | # Accounts |
|---|
Superannuation News & Updates
Payday Super Legislation Passes - Super Paid with Wages from 1 July 2026
Parliament passed legislation requiring employers to pay superannuation contributions at the same time as salary and wages, ending the quarterly payment system.
Key Changes (From 1 July 2026)
- Payment Frequency: Super must be paid with each pay cycle (weekly, fortnightly, monthly)
- Replaces Quarterly: Current quarterly due dates abolished for most employers
- Unpaid Super: Addresses estimated $6.25 billion in unpaid super annually
- ATO Compliance: First-year compliance approach differentiates low vs high-risk employers
- SBSCH Closure: Small Business Super Clearing House closes 1 July 2026
Employee Benefit
More frequent contributions = higher compound earnings over career. Easier to track missed payments.
Employer Action
Update payroll systems and processes before 1 July 2026. Consider commercial clearing houses.
Division 296 Tax Revised: $3M Super Tax Deferred to 1 July 2026 with Major Changes
The Treasurer announced significant revisions to the proposed Division 296 tax on super balances over $3 million, deferring the start date and removing unrealised gains from the calculation.
Key Changes from Original Proposal
- Start Date: Deferred from 1 July 2025 to 1 July 2026
- Realised Earnings Only: Unrealised capital gains excluded from tax calculation
- Two-Tier Rate: 15% on $3M-$10M balance; additional 10% (total 25%) above $10M
- Indexation: $3M threshold indexed in $150,000 increments; $10M in $500,000 increments
- First Assessments: After 2026-27 financial year (from July 2027)
Who is Affected
~80,000 Australians (~0.5% of members) with TSB exceeding $3 million.
Status
Not yet legislated. Await final legislation before making significant changes.
LISTO Boost: Income Threshold Rising to $45,000, Maximum to $810 (From 2027)
The Government announced an increase to the Low Income Superannuation Tax Offset (LISTO) to benefit more low-income workers, effective from 1 July 2027.
Proposed Changes (From 1 July 2027)
- Income Threshold: Increased from $37,000 to $45,000 (matches 2nd tax bracket)
- Maximum Payment: Increased from $500 to $810 (reflects 12% SG rate)
- Beneficiaries: Estimated 3.1 million Australians (60% women)
- Purpose: Refunds 15% contributions tax for low-income earners
Current LISTO
Income ≤$37,000: Up to $500 refund paid automatically to super fund.
Status
Announced but not yet law. No action required - LISTO paid automatically if eligible.
APRA 2025 Performance Test: All MySuper Products Pass for Second Year
APRA released its annual superannuation performance test results showing continued improvement, with all 52 MySuper products passing and only 7 platform products failing (down from 37 in 2024).
2025 Results Summary
- MySuper Products: 52 tested, all passed (second consecutive year)
- Non-Platform TDPs: 374 tested, all passed
- Platform TDPs: 137 tested, 7 failed (down from 37 in 2024)
- Failed Trustees: Must notify members by end of September
Member Action
If your fund fails, you'll receive written notification. Consider switching via myGov YourSuper tool.
Industry Impact
40%+ of platform TDPs show significant long-term underperformance. Consolidation continuing.
Superannuation Guarantee Rate Reaches 12% - Final Scheduled Increase
The compulsory employer superannuation guarantee rate has increased from 11.5% to 12%, completing the legislated schedule of increases that began in 2013.
Key Changes
- Rate Increase: SG increased from 11.5% to 12% of ordinary time earnings
- Final Increase: This completes the scheduled rises - 12% is the permanent rate
- Application: Applies to all salary and wages paid on or after 1 July 2025
- Quarterly Due Dates: First 12% contribution due by 28 October 2025
Impact
Workers earning $90,000 will now receive $10,800 in super contributions annually (up from $10,350).
Action Required
Employers must update payroll systems. Employees should verify correct rate on payslips after July 1.
Super Now Paid on Government-Funded Parental Leave Pay
Eligible parents with babies born or adopted from 1 July 2025 will receive a 12% superannuation contribution on their Government Parental Leave Pay, helping close the retirement savings gender gap.
Key Details
- Contribution Rate: 12% of Parental Leave Pay (matching the SG rate)
- Payment Timing: ATO will pay as a lump sum after end of each financial year
- First Payments: July 2026 for 2025-26 financial year recipients
- Eligibility: Babies born or adopted on or after 1 July 2025
- Investment: Government investing $1.1 billion to 2027-28
Estimated Benefit
~180,000 families per year. Average additional super: ~$2,637 per parent taking full leave.
No Action Required
Claims continue through Services Australia. Super contribution is automatic if TFN is on file with super fund.
Transfer Balance Cap Increases to $2 Million
The general transfer balance cap has been indexed from $1.9 million to $2 million, allowing more tax-free retirement phase savings.
Key Changes
- General TBC: Increased from $1.9 million to $2 million
- Defined Benefit Income Cap: Increased from $118,750 to $125,000
- Non-concessional Cap Trigger: If TSB ≥ $2M, non-concessional cap is nil
- Bring-Forward: New thresholds for 2 and 3-year bring-forward rules
Who Benefits
Retirees with balances between $1.9M-$2M can transfer additional amounts to tax-free pension phase.
Important
Personal TBC may differ if you previously used some cap. Check via myGov ATO online services.
Paid Parental Leave Super Contribution Legislation Receives Royal Assent
The Paid Parental Leave Amendment (Adding Superannuation for a More Secure Retirement) Act 2024 received Royal Assent, legislating super on government PPL from 1 July 2025.
What Was Legislated
- 12% Super: On government-funded Parental Leave Pay
- Commencement: Births/adoptions from 1 July 2025
- Investment: $1.1 billion over forward estimates to 2027-28
- Ongoing: $623.1 million per year from 2028-29
- Purpose: Address gender superannuation gap (25.2% at retirement)
Background
Implements Women's Economic Equality Taskforce recommendation. Announced in May 2024 Budget.
Tax Treatment
Contribution taxed at 15% in super fund. Counts toward concessional contributions cap.
APRA 2024 Performance Test: All MySuper Products Pass for First Time
For the first time since the test began, all MySuper products passed APRA's annual performance test, while 37 trustee-directed products failed (down from 97).
2024 Results
- MySuper Products: All passed (first time - 13 failed in 2021)
- Platform TDPs: 37 failed (down from 97 in 2023)
- Market Exits: 52 products that failed 2023 test exited the market
- Total Assets Tested: Covers 62% of APRA-regulated super sector
APRA Comment
"No tolerance for members to remain in poorly performing products without credible rectification."
Check Your Fund
Use APRA's Comprehensive Product Performance Package dashboard at apra.gov.au.
Superannuation Guarantee Rate Increases to 11.5%
The compulsory employer superannuation guarantee rate increased from 11% to 11.5%, as part of the scheduled progression to 12%.
Key Details
- Rate Increase: SG increased from 11% to 11.5% of ordinary time earnings
- Application: Applies to payments of salary and wages from 1 July 2024
- Next Increase: Final rise to 12% scheduled for 1 July 2025
Impact
Worker on $90,000 receives $10,350 in annual super (up from $9,900).
SG Rate History
2021: 10% | 2022: 10.5% | 2023: 11% | 2024: 11.5% | 2025: 12%
Contribution Caps Increase: Concessional to $30,000, Non-Concessional to $120,000
Both concessional and non-concessional contribution caps increased due to indexation, providing greater scope for voluntary contributions.
New Caps (From 1 July 2024)
- Concessional Cap: Increased from $27,500 to $30,000 per year
- Non-Concessional Cap: Increased from $110,000 to $120,000 per year
- Bring-Forward: Up to $360,000 over 3 years (if TSB allows)
- Carry-Forward: Still available for concessional caps if TSB < $500,000
Benefit
Extra $2,500 concessional and $10,000 non-concessional capacity per year.
Reminder
Employer SG counts toward concessional cap. Check total contributions to avoid excess.
Government Announces Payday Super Reform - Super to Be Paid with Wages from 2026
The Government announced that from 1 July 2026, employers will be required to pay superannuation at the same time as salary and wages, ending the quarterly payment system.
Announcement Details
- Start Date: 1 July 2026
- Requirement: Super paid same time as wages (weekly, fortnightly, monthly)
- Problem Addressed: $3.4 billion+ in unpaid super annually at announcement
- Consultation: Treasury consultation on draft legislation
Benefits
Earlier contributions = more compound growth. Easier for workers to detect unpaid super.
Status
Legislation passed November 2025. Implementation confirmed for 1 July 2026.
Government Announces Additional 15% Tax on Super Balances Over $3 Million
The Government announced a proposed additional 15% tax on superannuation earnings for balances exceeding $3 million, to apply from 1 July 2025 (later revised to 2026).
Original Proposal (February 2023)
- Additional Tax: 15% on earnings attributable to balance above $3 million
- Total Tax Rate: 30% on earnings above threshold (existing 15% + additional 15%)
- Original Start: Proposed 1 July 2025 (later deferred to 1 July 2026)
- Threshold: $3 million not indexed (later revised to be indexed)
- Unrealised Gains: Originally included (later removed in Oct 2025 revision)
Affected Members
~80,000 individuals (<1% of super fund members) with balances over $3 million.
Note
This proposal was significantly revised in October 2025. See 2025 news for current status.
Superannuation Guarantee Rate Increases to 11%
The compulsory employer superannuation guarantee rate increased from 10.5% to 11%, continuing the legislated pathway to 12%.
Key Details
- Rate Increase: SG increased from 10.5% to 11% of ordinary time earnings
- Annual Schedule: 0.5% increase each July until reaching 12% in 2025
- Maximum Contribution Base: $60,220 per quarter (2023-24)
Impact
Worker on $90,000 receives $9,900 in annual super (up from $9,450).
History
SG was 9.5% from 2014-2021. Increases resumed in 2021 after being frozen since 2014.
Contribution Caps Remain Unchanged for 2023-24
Superannuation contribution caps remained at 2022-23 levels as indexation thresholds were not met.
2023-24 Caps (Unchanged)
- Concessional Cap: $27,500 per year (same as 2021-22, 2022-23)
- Non-Concessional Cap: $110,000 per year
- Bring-Forward: Up to $330,000 over 3 years
- Transfer Balance Cap: Increased to $1.9 million
Indexation
Caps indexed to AWOTE in $2,500 increments. Next increase due when threshold reached.
Update
Caps subsequently increased from 1 July 2024 to $30,000 and $120,000.
APRA 2023 Performance Test: 1 MySuper Fails, 96 Choice Products Fail
APRA's third annual performance test saw continued improvement in MySuper products but identified significant underperformance in trustee-directed choice products tested for the first time.
2023 Results
- MySuper Products: 1 failed (down from 5 in 2022, 13 in 2021)
- Trustee-Directed Products: 96 failed (first year tested)
- Test Expansion: TDPs with 10+ year history now included
- Consequence: Failed funds must notify members and improve or exit
Progress
MySuper failures: 2021: 13 → 2022: 5 → 2023: 1. Test driving industry improvement.
Member Action
Compare funds using YourSuper tool in myGov. Consider switching if consistently underperforming.
Frequently Asked Questions
Everything you need to know about your retirement numbers, access rules, and tax limits for the 2025 financial year.
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About this calculator
This calculator is for educational and illustrative purposes only. The projections are not guaranteed and should not be considered financial advice. The calculator uses simplified tax treatments and doesn’t account for all factors that may affect your superannuation, including Age Pension means testing, carry-forward provisions, or changes in legislation. Actual outcomes will vary significantly based on fund performance, fees, and market conditions. Always consult a licensed financial advisor for personalized advice about your retirement planning.