Use this calculator to review what you spend now, as well as the lifestyle changes retirement brings. No boring spreadsheets or lengthy calculations, in a few simple steps you can create a personalised financial target.
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Your total current budget has changed! Do you want to transfer figures and update images in Retirement?
Your total future budget has changed! Do you want to transfer figures and update images in Budget now?
Medical
Pets
Transport
Shopping
Leisure
Holidays
Savings
Misc
Review your housing costs. Your children may have left home by the time you retire so you may choose to downsize your home. Perhaps your mortgage will be paid off so you should also take this into account. Your utility bills may increase when you have retired as you may spend more time at home and this is likely to increase your air-conditioning and lighting costs.
Review your housing costs. You may choose to downsize your home when you retire or perhaps your mortgage will be paid off so you should also take this into account. Your utility bills may increase when you have retired as you may spend more time at home and this is likely to increase your air-conditioning and lighting costs.
Review your family expenditure. Your children may be grown up or have left home by the time you retire so you will no longer pay childcare costs or school fees etc.
Review your shopping costs. Your grocery shopping may increase when you retire as you may choose to eat more meals at home. However, the amount you spend on clothes amounts may be less as you will not need to buy work clothes.
Review your healthcare costs. Healthcare is generally more expensive as you get older so these costs may increase when you retire.
Review your transport costs. You may have a smaller car when you retire or you may use public transport more.
Review your leisure costs. As you will have more spare time when you retire you may spend more on hobbies, day trips and entertainment.
Review your finances. You will no longer be making super contributions when you retire and you may have paid off any outstanding loans and credit cards.
Review any other costs you have included to see if they are likely to change when you have retired.
Review your holiday costs. You may choose to go on more holidays when you retire as you will have more spare time.
Review the costs for your pets. When you retire you may have more time so you may choose to add more pets to your family.
Medical
Pets
Transport
Shopping
Leisure
Holidays
Savings
Misc
Are you on track to achieve the income you want in retirement?
You can find out by:
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This calculator provides an illustration of your total income and expenditure now and in retirement. The totals are calculated based on the data you input and can only be as accurate as the information provided. If the frequency is changed (for example, from annually to monthly) the equivalent value may be rounded.
Any choices you make or data that you enter while using the calculator are erased once you have finished using the calculator. However, you have a responsibility to ensure that you exit the website when you have finished with the calculator, especially if you leave your computer for any length of time.