Source: MoneySmart
Open the original Account-based pension calculator on MoneySmart
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Account-based pension calculator
Estimate how an account-based pension could support your retirement income over time. Compare drawdown choices, fees and investment returns to see how long the balance may last.
What this native cut captures
- Annual minimum pension drawdown rules applied by age band
- Baseline versus comparison retirement-income strategies with different fee and return assumptions
- Balance-runout timing and today’s-dollars purchasing-power visibility for retirement income planning
Your pension inputs
Enter the balance available when your account-based pension starts, then compare your preferred income strategy with an alternative set of income, fees and return assumptions.
Results
The summary below compares two account-based pension strategies over the same retirement period, while enforcing the annual minimum pension drawdown rules.
Starting at age 67 with $450,000 in pension phase, the baseline strategy pays a target income of $30,000 in year one and ends the selected period with $0.
First native cut: this page focuses on the account-based pension drawdown phase. The imported calculator’s pre-retirement path depended on an external projection API, so accumulation before pension commencement remains covered by the separate native superannuation calculator.
Strategy comparison
Totals across the full projection window| Line item | Baseline | Comparison |
|---|---|---|
| Target annual income (year one) | $30,000 | $34,000 |
| Investment return | 6.5% | 5.5% |
| Percentage fees | 0.8% | 1.1% |
| Annual fixed fees | $74 | $1,620 |
| Total income paid | $727,250 | $564,543 |
| Total investment earnings | $318,203 | $174,244 |
| Total fees paid | $41,691 | $90,184 |
| Ending balance | $0 | $0 |
| Ending balance in today's dollars | $0 | $0 |
| Balance-runout age | 87 | 81 |
Final six yearly snapshots
Baseline strategy| Year | Age | Actual income paid | Fees paid | Ending balance |
|---|---|---|---|---|
| 20 | 87 | $599 | $121 | $0 |
| 21 | 88 | $0 | $121 | $0 |
| 22 | 89 | $0 | $124 | $0 |
| 23 | 90 | $0 | $127 | $0 |
| 24 | 91 | $0 | $131 | $0 |
| 25 | 92 | $0 | $134 | $0 |
What to watch
- Retirement drawdown math can support later-life refinance, equity-release and retirement-cashflow guidance elsewhere in the app.
- Minimum annual pension rules are now explicit and reusable instead of buried in a third-party calculator flow.
- Comparing fee and return assumptions creates a reusable pattern for pension product comparison and retirement runway education.
How these estimates work
- The minimum drawdown rates are applied annually based on age bands used by the imported calculator.
- Retirement income is indexed by the retirement inflation assumption so the projection aims to preserve purchasing power over time.
- Only the account-based pension balance is modelled in this first cut. Government Age Pension and other external income sources are not included.
- This first cut uses a local deterministic projection model rather than the external Towers Watson API used by the imported calculator.
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