Retirement Number Calculator

The Retirement Number calculator assumes your retirement income is 75% of current income (which is assumed to grow at the same rate of growth in Average Weekly Ordinary Time Earnings (AWOTE) (est. 4%) up to your selected retirement age. Your retirement amount is invested so that it earns a gross rate of return of 8.16 p.a. for a period based on the average life expectancy of women and men (from the nominated retirement age) plus 5 years – investments are subject to investment risk including the loss of income and principal invested. This rate of return is representative of a balanced portfolio, with investments across various underlying asset classes. Your retirement income is indexed annually by inflation (est. 3%). Your retirement income payment is drawn at the start of year and the net return is credited at the end of year. You do not receive other sources of income during your retirement such as an age pension. Tax is not taken into consideration in terms of the earnings on your retirement amount and the retirement income that you receive. Fees have not been taken into consideration in terms of the earning on your retirement amount and the retirement income that you receive.

We believe that the assumptions made in the Retirement Number calculator are reasonable but they are only illustrative of the relevant matters taken into consideration and they may change. While ANZ has taken all reasonable care in producing this information, subsequent changes in circumstances may occur at any time and this will impact on the results produced. The estimate of your retirement amount is provided for illustrative purposes only and the Retirement Number calculator does not provide an accurate prediction of your retirement planning requirements. It does not take into account your particular objectives, financial situation or needs and the variables and assumptions that it is based upon are unlikely to match your situation precisely.