What's my number?

How much do you need to live the lifestyle you want in retirement?

Australia is facing a $1 trillion* gap in retirement savings.

Do you know how much you need?

Are you on track for retirement?

What's my number?

Any advice in this calculator is general in nature and is provided by AMP Life Limited ABN 84 079 300 379 (AMP Life). The advice does not take into account your personal objectives, financial situation or needs. Therefore, before acting on this advice, you should consider the appropriateness of this advice having regard to those matters and consider the Product Disclosure Statement before making a decision about the product. AMP Life is part of the AMP Group and can be contacted on 1300 158 587. If you decide to purchase or vary a financial product, AMP Life and/or other companies within the AMP Group will receive fees and other benefits, which will be a dollar amount or a percentage of either the premium you pay or the value of your investments. You can ask us for more details.

*Source: Longevity Savings Gap Research & Policy Options (September 2012) by Rice Warner for the Financial Services Council.
http://www.fsc.org.au/downloads/file/MediaReleaseFile/20120808RptLongevitySavingsGapResearch(fullclean).pdf

About you Refresh

What do you want your retirement lifestyle to look like? Other costs

What Super I'll have Monthly**
What Super I'll need Monthly**
Gap Monthly

* From age , you are projected to have approximately this amount each month from your super and age pension.

* From age , you will need approximately this amount each month to achieve your chosen lifestyle.

* At age , you are projected to have approximately this amount in your super.

* At age , you will need approximately this amount in your super to supplement your age pension (making no allowance for your age pension).

What does your monthly retirement lifestyle look like?

The chart above sets out your desired retirement lifestyle and expenditures (on a monthly basis), based on the amounts you have selected for each expenditure category.

Purpose and limitations

What's My Number simulator is designed to give you a sense of how much you may need to retire on to fund the retirement lifestyle you want based on expenditure estimates of over 65 year old Australians, your inputs and a number of key assumptions.

It is intended as an educational tool, helping you see whether an estimate of your projected superannuation at your chosen retirement age could pay for the levels of retirement lifestyle expenditure that you have chosen from the available expenditure categories (e.g. Holidays, Hobbies).

The comparison between your projected superannuation balance and the lifestyle expenditure you choose for retirement is based on low, medium and high levels of average actual expenditure of over 65 year olds from recent ABS survey data, and has been derived as per the assumptions outlined in this simulator. In addition, your projected super balance is able to be adjusted with the following variables:

All results are shown in today's dollars. This means that, to take inflation into account, we have made an assumption to apply a steady rate of wage inflation to discount the projected dollar amounts back to today's dollars.

However, the What's My Number simulator is a financial model and, as such, cannot accurately predict your super balance or the effects of drawing a retirement income from your super. While the information you provide impacts the simulator's results, the simulator cannot incorporate every factor that will influence the actual outcome achieved by your superannuation investments. You could get more or less than the amount projected. The amount you get will depend on:

We have had to make a number of assumptions to provide you with the results of the simulator. This means that the results are illustrative only. We do not guarantee that you will achieve the results nor are they a reliable forecast or an estimate.

While the What's My Number simulator is a useful starting point, it cannot replace professional financial advice and should not be used as the basis for any investment decision. Before making any financial decisions, you should work with a professional financial planner who can help you to develop a plan based on your personal situation, time to retirement, risk profile and life goals.

It is important to note that the What's My Number simulator does not record or store any of the data you enter for future use in any other AMP planning or simulator tool.

The What's My Number simulator is issued by AMP Life Limited, ABN 84 079 300 379, AFS Licence No. 233671 ("AMP Life"). Neither AMP Life nor any of its related companies are liable (whether based in contract, tort, strict liability or otherwise) for any direct, indirect, incidental, consequential or special loss or damage arising out of or in any way connected with your access to or use of the simulator.

The "What's my number?" calculator is intended for your personal use only as it contains some of your personal details so you should not allow anyone else to use or access it. AMP Life Limited will not be liable for any loss that you or anyone else suffers as a result of such use or access.”

^ Return to top

Please confirm your contact details

Your details will be provided to an AMP financial planner. They are being collected by AMP Life and may be shared with other AMP companies. You may request access at any time to personal information held by us by calling 1300 157 173. Information provided by you will be subject to AMP's Privacy Policy.

Submit

Congratulations!

Congratulations on taking the next step in planning for your retirement. Your AMP Financial Planner is:

We've passed on your details and they should be in contact with you within 2-3 business days. Alternatively, should you need to speak to them prior to that, please don't hesitate to call them on the number provided.

What do you want your retirement lifestyle to look like?

Here you can adjust your 'Other costs' based on your expectation of retirement costs not included in the categories on the 'About you' screen.

Includes expenditure for current housing, fuel and power, household furnishings and equipment, household services and operation, personal care and other miscellaneous expenditure.

In order to provide the information in the simulator we make a number of assumptions about the future. We suggest you consider whether the current key assumptions set out in the table below are appropriate and make changes for your own circumstances accordingly. Details about other assumptions used are provided in the Other assumptions tab.

Item Value Description
Retirement age Your intended retirement age.
Income goal age The age you require your retirement income to last until.
Employer contribution rate Your employer is assumed to contribute this percentage of your "employer contribution base" to your superannuation account until retirement age, subject to the "Apply minimum SG contribution rate?" setting below. By default, your "employer contribution base" in each projection year is your projected annual salary, but this is capped at the projected SG Maximum Contributions base if you enable the "Apply SG Maximum Contribution Base" setting below.
Apply minimum SG contribution rate? If you select "Yes", the employer contribution rate used to calculate your employer contribution in each year is increased to equal the Superannuation Guarantee (SG) charge rate assumed to apply in the respective year with reference to the SG charge rate table as set out in the Other assumptions tab.
Apply SG Maximum Superannuation Contribution Base? If you select "Yes", the "employer contribution base" used to calculate your employer contribution in each year is capped at the projected SG Maximum Superannuation Contribution Base in each projection year.
Current salary sacrifice contributions The current amount of salary sacrifice contributions you are making to your superannuation account. Please also select the frequency of the amount you enter.
Does salary sacrificing reduce your earnings base for employer contributions? If your employer determines employer contributions as a percentage of your salary after deducting any salary sacrifice contributions tick the box to set to "yes".
Current after tax contributions The current amount of after tax contributions you are making to your superannuation account. Please also select the frequency of the amount you enter.
Investment option - before retirement The selected investment option will determine the rate of investment returns on your superannuation account until retirement age. You can enter your own rate by choosing the "Enter my own rate" option. Any rate you enter should be after any allowance for investment management fees. Earnings tax of 15% will be applied to the rate you enter.
Investment option - after retirement The selected investment option will determine the rate of investment returns on your pension accounts from your retirement age until obtaining the selected income goal age. You can enter your own rate by choosing the "Enter my own rate" option. Any rate you enter should be after any allowance for investment management fees. No earnings tax will be applied to the rate you enter.
General wage inflation Wages are assumed to increase at this rate over the projection period. This rate is also used as a discount rate to express projected figures in today's dollars.
Superannuation account administration and advice fee ($) The current annual administration and advice fee deducted from your superannuation account. You can enter a dollar amount.
Superannuation account administration and advice fee (%) The current annual administration and advice fee deducted from your superannuation account. You can enter a percentage amount.
Pension account administration and advice fee ($) The current annual administration and advice fee to be deducted from your pension fund after retirement. You can enter a dollar amount.
Pension account administration and advice fee (%) The current annual administration and advice fee to be deducted from your pension fund after retirement. You can enter a percentage amount.
Insurance premiums The current annual insurance premium deducted from your superannuation account in each projection year. This premium is assumed to be fixed in real terms, i.e. will increase at the rate of inflation each year.
Include the Government Age Pension as part of your retirement income? The Age Pension is paid by the Australian Government to retirees who meet certain eligibility criteria. If you select "yes", your Age Pension eligibility will be estimated by the calculator and used to fund your retirement income in conjunction with the drawdown from your pension account.
Do you expect to be a homeowner when you reach your intended retirement age? This is used to estimate your Age Pension entitlement.

Assumptions used in the calculator

The assumptions and calculations have been independently verified by Rice Warner.

General assumptions

  1. The calculations in the calculator are valid for the 2015/16 financial year.
  2. No allowance has been made for any changes proposed in the 2014/15 Federal Budget that have not been legislated as of 1 July 2015.
  3. The calculator is appropriate for members of a taxed fund only.
  4. It is assumed you have provided your tax file number to AMP and any other superannuation fund provider that currently holds a benefit for you. Consequently, you may be liable for additional tax or may not be able to make after-tax contributions if this information has not been provided.
  5. For the purposes of determining income tax, contribution limits and minimum and maximum pension withdrawal amounts, it is assumed that the projection is run on the first day of the financial year and that you are your current age for the entire financial year.
  6. All results displayed are in today's dollars which is determined by discounting projected figures at the assumed general level of wage inflation of 3.5% p.a.
  7. This wage inflation rate is set as 1% p.a. above the mid-point of the Reserve Bank of Australia's 2-3% p.a. target range for price inflation. This is consistent with the average historic difference between wage and price inflation in Australia over the last 30 years as measured by increases in Average Weekly Ordinary Time Earnings (AWOTE) and the Consumer Price Index (CPI) based on data available from the Australian Bureau of Statistics. You can change this assumed rate.
  8. Selecting "Couple" allows for typical couples' expenditure patterns. The calculator does not make allowance for a partner's income, assets or super contributions and so assumes partners have no income or assets and make no super contributions.

Expenditure in retirement

  1. The calculator includes typical expenditures which are based on the Australian Bureau of Statistics' Household Expenditure Survey, 2009-10.
  2. Using this data as a basis the Australian Bureau of Statistics provided estimates of the average of the bottom third, middle third and top third expenditure for households aged 65 and older. These are set out below.

    Household Expenditure on Goods and Services

    Average weekly household expenditure ($) Low Medium High
    Housing $44 $136 $458
    Household furnishings and equipment $0 $14 $120
    Household services and operation $19 $46 $130
    Energy costs $14 $28 $53
    Food and non-alcoholic beverages $74 $167 $331
    Alcoholic beverages $0 $13 $72
    Clothing and footwear $0 $13 $96
    Medical care and health expenses $8 $39 $179
    Transport $26 $97 $368
    Recreation $18 $96 $381
    Holidays $0 $21 $185
    Personal care $1 $11 $47
    Miscellaneous $4 $41 377
  3. Monthly values are obtained based on a 52 week, 12 month year.
  4. The above categories of expenditure have been combined into the seven categories shown in the calculator and set out in the table below.

    Categories of expenditure

    Average monthly household expenditure ($) Low Medium High
    Holidays $0 $89 $803
    Hobbies $8 $184 $935
    Medical care $33 $169 $1,596
    Food & drinks $320 $778 $1,745
    Transport $111 $419 $1,596
    Clothes & shoes $0 $57 $417
    Other $358 $1,192 $5,138
  5. Expenditure has then been allocated between singles and couples.
  6. To derive singles and couples expenditure proportions the following assumptions and methodology have been adopted:
    1. Retired individuals are individuals over the age of 55 excluding those employed earning more than $2,600 a year ($50 a week).
    2. Couples are individuals labelled as married in the Australian Bureau of Statistics' Household Expenditure Survey.
    3. All other individuals are assumed to be single.
    4. Couples are approximately 65% of the retired population.
    5. Relative expenditure of singles and couples is separated into low, medium and high thirds. The average of each third is calculated and a ratio of singles to couples expenditure determined for each third. These ratios are 61%, 62% and 69% for low, medium and high respectively.
    6. A weighted average is then calculated for the low, medium and high expenditure levels using the ratio of expenditure between singles and couples combined with the proportion of the population assumed to be couples.
  7. The breakdown of expenditure for singles and couples for each category is set out below.

    Monthly expenditure, singles and couples

    Average monthly household expenditure ($) Singles Monthly Expenditure Couples Monthly Expenditure
    Low Medium High Low Medium High
    Holidays
    Hobbies
    Medical care
    Food & drinks
    Transport
    Clothes & shoes
    Other
  8. No allowance has been made for inflation for the period since the expenditure survey was undertaken to the date the calculator is used. Accordingly today's expenditure values may be higher than those set out above and used in the calculator.

Results

  1. Your selected retirement lifestyle (using figures from the above table) is used to calculate your projected required income in retirement.
  2. For future years expenditure is assumed to increase with wage inflation.
  3. If you choose to include the Government Age Pension (in the Editable assumptions tab) it is included in all relevant calculations, as outlined in the Centrelink section.
  4. When "Monthly" is selected:
    1. "What Super I'll have (monthly)" - This value is the projected monthly retirement income commencing at the assumed retirement age which is expected to be withdrawn on a monthly basis from an account-based pension until the assumed income goal age. If you choose to include the Government Age Pension (in the Editable assumptions tab), this includes the age pension payments (if applicable).
    2. "What Super I'll need (monthly)" - This value is the required income per month based on the selected retirement lifestyle (taken from the above table) commencing at the assumed retirement age, until the assumed income goal age.
    3. "Gap (monthly)" - The gap is the difference between "What Super I'll have (monthly)" and "What Super I'll need (monthly)".
  5. When "Total" is selected:
    1. "What Super I'll Have" - This value is the projected super balance at the assumed retirement age.
    2. "What Super I'll Need" - This value is the super required at the assumed retirement age expected to be sufficient to cover the selected retirement lifestyle (taken from the above table) commencing at the assumed retirement age, until the assumed income goal age. If you choose to include the Government Age Pension (in the Editable assumptions tab), this total takes into account age pension payments.
    3. "Gap" - The gap is the difference between "What Super I'll have" and "What Super I'll need".

Personal income

  1. Salary refers to your taxable salary income. This usually means your regular gross pay, but commissions or other allowances may need to be included depending on your own particular circumstances.
  2. By default, it is assumed your salary will increase in line with the general level of wage inflation in each projection year.
  3. No allowance is made for increases in salary due to productivity/performance.
  4. Income tax is calculated by applying personal income tax rates plus the Medicare Levy (but not the Medicare Levy Surcharge) to your projected taxable income in each projection year. The personal income tax rates used for the 2015/16, 2016/17, and 2017/18 projection years are the legislated tax rates for those years as at 1 July 2015. In each projection year thereafter, the personal income tax brackets (and Medicare Levy thresholds) are assumed to increase in line with the assumed level of general wage inflation, and the personal income tax rates are assumed to remain unchanged.
  5. The temporary budget repair levy of 2% on the part of a person's taxable income which exceeds $180,000 is assumed to apply for the 2015/16 and 2016/17 financial years.
  6. It is assumed you are an Australian resident for taxation purposes.
  7. In calculating the Medicare Levy, it is assumed individual income thresholds apply, and family income thresholds do not apply.
  8. The Medicare Levy is assumed to be 2% of taxable income for the 2015/16 tax year and subsequent years.
  9. No allowance is made for the Mature Age Worker Tax Offset.
  10. In each projection year your entitlement for the Low Income Tax Offset (LITO) is estimated based on your taxable income. The rates and thresholds used to calculate LITO in the 2015/16 projection year are assumed to be the legislated rates and thresholds for those years as at 1 July 2015. The maximum amount of LITO and the income threshold over which the LITO starts to reduce are assumed to increase each year subsequent to 2015/16 in line with the assumed level of general wage inflation.
  11. In each projection year in which you are determined to be eligible for an Age Pension your entitlement for the Seniors and Pensioners Tax Offset (SAPTO) is estimated based on your rebatable income. Your rebatable income is assumed to equal your taxable income plus any salary sacrifice contributions. The maximum amount of SAPTO is assumed to increase each year in line with the assumed level of general wage inflation.
  12. The Australian Life Tables 2010-12 are used for determining your life expectancy for taxation purposes.

Investment returns

  1. To calculate your projected superannuation balance we require an appropriate investment return assumption. The table below sets out the investment returns assumed for each investment option.
    Investment option Indicative growth asset allocation range Annual investment return (net of investment management fees and before tax) Annual investment management fees included in the annual investment return
    Short duration / Cash 0% 3.75% 0.50%
    Conservative 20 to 30% 3.90% 0.60%
    Cautious 35 to 45% 4.38% 0.62%
    Moderately conservative 50 to 60% 4.87% 0.63%
    Balanced 65 to 75% 5.35% 0.65%
    Moderately aggressive 80 to 90% 5.82% 0.68%
    Aggressive 95 to 100% 6.55% 0.70%
  2. The above investment return assumptions are consistent with the investment objectives of each risk profile and market indicators assuming future increases in the Consumer Price Index of 2.5% p.a. (which is the mid-point of the Reserve Bank of Australia's 2-3% p.a. target range for price inflation).
  3. Investment return assumptions in the superannuation account (before retirement) have been reduced for annual investment management fees set out in the above table. In addition a constant earnings tax rate of 15% is assumed.
  4. The investment return assumptions in the pension account (after retirement) have been reduced for annual investment management fees set out in the above table. Nil earnings tax is assumed.
  5. The assumed investment returns are illustrative and should not be taken to be an estimate of the amount of investment earnings you may receive. Investment returns may be positive or negative.
  6. It is assumed that investment returns will remain constant over the projection period and that no significant share market corrections will occur over the projection period.

Fees and insurance premiums

  1. It is assumed you hold one superannuation product and the default allowance for fees is applied on this basis. The default level of fees used is based on AMP Flexible Super and AMP Flexible Super - Retirement. You are able to adjust the assumed level of fees which are set out in the Editable assumptions tab.
  2. Fees and insurance premiums are assumed to be deducted on a monthly basis.
  3. Dollar fees and insurance premiums are assumed to increase in line with the assumed level of general wage inflation.
  4. Other fees are assumed to remain constant in percentage terms over the projection period.
  5. Insurance cover and premiums are assumed to cease with effect from your nominated retirement age.

Contributions

  1. Employer contributions include all concessional contributions made by your employer other than salary sacrifice contributions.
  2. By default it is assumed you receive employer contributions of 9.5% of your "employer contribution base", subject to a maximum of your concessional contribution limit. You can change the assumed employer contribution rate. By default, "your employer contribution base" is your salary, but this is capped at the SG Maximum Contributions Base if you enable the "Apply SG Maximum Contributions Base?" setting. By default, in each projection year, if your employer contribution rate is below the assumed Superannuation Guarantee (SG) charge rate applicable in that year, your employer contribution rate is increased in that year to equal the SG charge rate. You can disable this functionality by changing the "Apply minimum SG contribution rate?" setting. The SG charge rates assumed to apply in each year are as follows:
    Year to 30 June Superannuation guarantee charge rate
    2016-2021 9.5%
    2022 10%
    2023 10.5%
    2024 11%
    2025 11.5%
    2026 and thereafter 12%
  3. In addition you can enter your current level of after tax (non-concessional) and salary sacrifice (concessional) contributions.
  4. By default it is assumed your employer contributions are not affected by any salary sacrifice contributions but you can change this assumption.
  5. Any contributions entered by you (both employer and personal contributions) are assumed to increase in each projection year in line with your salary.
  6. Where a calculated contribution amount exceeds the relevant contribution limit, the assumed contribution is reduced to that limit to ensure the contribution is not excessive. If the calculated excess contribution is concessional, an additional non-concessional contribution is assumed to be made so that your calculated take-home pay is the same as would have been the case if the full calculated excess concessional contribution had been made.
  7. It is assumed the concessional ($30,000) and non-concessional ($180,000) contribution limits increase in line with the assumed level of general wage inflation each projection year, but only in increments of $5,000 and $30,000 respectively.
  8. Allowance is made for the higher concessional contributions limit of $35,000 (not indexed) applying from 1 July 2014 for individuals aged 50 and over on the last day of the previous financial year.
  9. Regular contributions are assumed to be spread evenly across each projection year on a monthly basis and are to be paid until your intended retirement age.
  10. Concessional contributions are assumed to be subject to tax at 30% in the superannuation fund if your income including concessional contributions exceed $300,000 and at 15% otherwise, less any applicable deduction for fees and insurance premiums. Should your income exceed $300,000 a year due to the inclusion of concessional contributions, the higher tax rate of 30% is assumed to apply to the excess over $300,000, with 15% applying to the balance of concessional contributions.

Co-contributions

  1. For each projection year in which it is assumed you would make an after tax (non-concessional) contribution, your co-contribution eligibility is assessed and a co-contribution is added to the projected superannuation account if applicable.
  2. In each case, your co-contribution eligibility is assessed by comparing your calculated assessable income amount plus salary sacrifice contributions in the relevant year to the estimated co-contribution thresholds in that year, and applying the standard rules for calculating the co-contribution.
  3. It is assumed you have no reportable fringe benefits.
  4. It is assumed you meet the other co-contribution eligibility criteria.
  5. The lower co-contribution threshold is assumed to increase in line with the assumed level of general wage inflation in each projection year. The upper co-contribution threshold is assumed to be $15,000 higher than the lower co-contribution threshold.
  6. It is assumed the co-contribution matching rate will remain at 50c per dollar contributed and the maximum co-contribution is assumed to be $500.
  7. Any co-contribution payable is added to your projected superannuation account on 30 June in the respective projection year.

Low Income Superannuation Contribution (LISC)

  1. For each projection year prior to 2017 in which it is assumed you or your employer would make a concessional contribution, your eligibility for the LISC is assessed and a LISC is added to the projected superannuation account if applicable.
  2. In each case, your eligibility is assessed by comparing your calculated assessable income amount plus salary sacrifice contributions in the relevant year to the estimated LISC income thresholds in that year, and applying the standard rules for calculating the LISC.
  3. It is assumed you have no reportable fringe benefits.
  4. It is assumed you meet the other LISC eligibility criteria.
  5. The LISC income threshold and maximum payment amount are assumed to remain constant over the projection period until 30 June 2017.
  6. Any LISC payable is added to your projected superannuation account on 30 June in the respective projection year.
  7. In line with legislation as at 1 July 2015, it is assumed that the LISC will not be payable in respect of concessional contributions made on or after 1 July 2017.

Retirement

  1. It is assumed you will retire at the end of the financial year in which you reach your nominated retirement age.
  2. It is assumed you will have reached your preservation age or will have met a relevant condition of release as at your nominated retirement age. If this is not the case you will not be able to access your superannuation benefits until after you have reached your preservation age or satisfied a relevant condition of release. You should check your preservation age before using the calculator.
  3. The input age range for retiring is from your preservation age to age 75.
  4. The default retirement age is the age at which you may first be eligible to receive the Government Age Pension (rounded down to the nearest whole year) unless another age is selected. However, if you have already reached this age, it is assumed you will retire when you are a year older than your current age.
  5. It is assumed you will commence an account-based pension with your superannuation savings balance at the time of full retirement.
  6. Pension withdrawals are assumed to be made on a monthly basis.
  7. Statutory minimum pension draw-down payment amounts are assumed to apply.
  8. Pension withdrawals after age 60 are assumed to be tax-free. For the purpose of calculating taxation on pension withdrawals before age 60, the pension is assumed to commence after 1 July 2007 and hence the proportioning rule applies which divides the pension income into a tax-free and taxable component.

Centrelink

  1. It is assumed you are eligible for the Age Pension from qualifying age, subject to the income and assets tests.
  2. The calculator estimates your Age Pension amount in each projected year and takes it into account.
  3. You are assumed to be "partnered" for Age Pension purposes if you select "Couple" in the calculator. If "partnered", the estimated Age Pension shown in the projections does not include any Age Pension payable to the partner.
  4. In assessing your income for the income test, the Work Bonus is assumed to apply to salary income.
  5. It is assumed that any pensions commence on or after 1 January 2015, and that the assumed income from the account based pension for purposes of the income test is based on the standard deeming rules.
  6. It is assumed your (and your partner if "partnered") pension account balance is included in the assets test. The Age Pension payment is assumed to be included in your assessable income for taxation purposes.
  7. The full Age Pension payment rates and income and assets test thresholds are assumed to increase in line with the assumed level of general wage inflation in each projection year. For the projection year from 1 July 2016 to 30 June 2017 and subsequent years, it is assumed that the legislated changes to the assets test threshold and taper rate from 1 January 2017 are applied for the full projection year.

Purpose and limitations

What's My Number simulator is designed to give you a sense of how much you may need to retire on to fund the retirement lifestyle you want based on expenditure estimates of over 65 year old Australians, your inputs and a number of key assumptions.

It is intended as an educational tool, helping you see whether an estimate of your projected superannuation at your chosen retirement age could pay for the levels of retirement lifestyle expenditure that you have chosen from the available expenditure categories (e.g. Holidays, Hobbies).

The comparison between your projected superannuation balance and the lifestyle expenditure you choose for retirement is based on low, medium and high levels of average actual expenditure of over 65 year olds from recent ABS survey data, and has been derived as per the assumptions outlined in this simulator. In addition, your projected super balance is able to be adjusted with the following variables:

All results are shown in today's dollars. This means that, to take inflation into account, we have made an assumption to apply a steady rate of wage inflation to discount the projected dollar amounts back to today's dollars.

However, the What's My Number simulator is a financial model and, as such, cannot accurately predict your super balance or the effects of drawing a retirement income from your super. While the information you provide impacts the simulator's results, the simulator cannot incorporate every factor that will influence the actual outcome achieved by your superannuation investments. You could get more or less than the amount projected. The amount you get will depend on:

We have had to make a number of assumptions to provide you with the results of the simulator. This means that the results are illustrative only. We do not guarantee that you will achieve the results nor are they a reliable forecast or an estimate.

While the What's My Number simulator is a useful starting point, it cannot replace professional financial advice and should not be used as the basis for any investment decision. Before making any financial decisions, you should work with a professional financial planner who can help you to develop a plan based on your personal situation, time to retirement, risk profile and life goals.

It is important to note that the What's My Number simulator does not record or store any of the data you enter for future use in any other AMP planning or simulator tool.

The What's My Number simulator is issued by AMP Life Limited, ABN 84 079 300 379, AFS Licence No. 233671 ("AMP Life"). Neither AMP Life nor any of its related companies are liable (whether based in contract, tort, strict liability or otherwise) for any direct, indirect, incidental, consequential or special loss or damage arising out of or in any way connected with your access to or use of the simulator.

The "What's my number?" calculator is intended for your personal use only as it contains some of your personal details so you should not allow anyone else to use or access it. AMP Life Limited will not be liable for any loss that you or anyone else suffers as a result of such use or access.”