No. This calculator provides general information only and doesn’t take into account your personal objectives, financial situation or needs. It’s a useful starting point for understanding your position, but it isn’t personal financial advice. For advice tailored to your circumstances, book an obligation-free call with a Newealth financial planner.
A projected shortfall isn’t a cause for panic, it’s useful information. It usually means one or a combination of a few things can help close the gap: increasing your contributions, adjusting your investment strategy, or reconsidering your retirement age or income goal. Our calculator shows you the extra monthly contribution that would close your gap
It’s designed to give you a realistic, general estimate, not a guarantee. It uses fixed assumptions for investment returns (7% p.a.) and inflation (2.5% p.a.), and average Australian life expectancy figures. Your actual retirement outcome will depend on real investment performance, inflation, your contributions, and personal circumstances that a general calculator can’t capture. It’s a
No. This calculator estimates the retirement savings needed to fund your income goal entirely from your own super and investments, from your desired retirement age to average life expectancy. If you’re likely to be eligible for a full or part Age Pension (currently available from age 67, subject to residency and means testing), your actual
The ASFA Retirement Standard puts a comfortable retirement income at roughly $54,840 a year for a single person and $77,375 a year for a couple (current figures, home owned outright). A “modest” retirement, covering the basics, needs less super since the Age Pension covers more of the gap. Use our calculator to see what your
It depends on the lifestyle you want and how long your retirement needs to last. As a guide, the ASFA Retirement Standard estimates a single person needs around $630,000 in super for a “comfortable” retirement, and a couple around $730,000, assuming you own your home outright. Your own number will depend on your desired income,
Where there are blended families, vulnerable beneficiaries or business interests, Newealth helps you map out scenarios and structures that aim to reduce disputes and provide clarity for everyone involved.
Newealth works with your legal and tax advisers to consider structures such as testamentary trusts, superannuation death benefit strategies and insurance funding to help manage tax, creditor and relationship risks for beneficiaries.
Yes, many strategies involve early or staged gifting, using trusts, superannuation and insurance to support children or grandchildren while you can still guide and educate them.
While a will and basic estate structures decide “who gets what”, legacy planning goes further by considering timing, education, asset protection, philanthropy and support for multiple generations.
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General Advice Warning: The information contained on this web site is general in nature and does not take into account your personal situation. You should consider whether the information is appropriate to your needs, and where appropriate, seek professional advice from a financial adviser.