This Calculator sets out to answer two of the big questions people ask about their retirementHow much do I need ? and Will I make it ?Given that the answers provided can depend on guesses as to what might happen 20 or 30 years in the future the answers should serve as a useful guide - pretty good for the next few years and effective enough for long term planning. Some key assumptions affect the results What will the average superannuation investment earning rate be ? ASIC's long term average of 7% is used What will the average inflation rate be ? Conservatively this is set at the Reserve Bank's maximum target rate of 3% Will the Superannuation, Personal Tax, and Age Pension legislation and regulations stay the same ? Clearly this is unlikely but based on the current bi-partisan commitment to Superannuation and an Age Pension tied to a percentage Average Weekly earnings, something like the current framework is likely to continue for some time. The results are therefore based on using the current legislation and regulation framework | ||||||
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