Small change, big savings

Select how many of each item you could give up to see how this could add up:


Total savings

a month

Based on investing this monthly amount into [INVESTMENT_CHOICE] fund and assuming [INVESTMENT_RETURN]% growth over a [YEARS_TO_RETIREMENT] year period.

Next Steps

Now that you’ve seen how small amounts you spend on everyday items can add up in the future, it’s a good time to consider how you could make your money work harder towards your retirement.

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To start making contributions today visit Making Contributions

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Get your super on track

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Disclaimer and assumptions


This calculator is intended for illustrative purposes only. The information it contains is of a general nature only. It is intended to assist you in assessing the effects your contributions and investment choices may have on your retirement outcome.

The results provided by the calculator are estimates only and are not guaranteed. Actual outcomes depend on uncertain factors such as investment returns and relevant legislation.

The calculator is not intended to be relied on for the purposes of making a decision in relation to a financial product. In making any decisions about your superannuation or your retirement you should consider your own objectives, financial situation and needs. You should consider obtaining advice from a licensed financial planner before making any decisions.


The costs of the everyday items are estimates and do not necessarily represent the exact cost to you if you were to give up the item, at the specified frequency, as represented by the calculator.


In giving up one or more items in the calculator, you are then assumed to save an amount equal to the cost of the item(s).

Savings are assumed to be added as regular non-concessional contributions into superannuation. The calculator assumes that these contributions can be made within your non-concessional contribution limits (being $100,000 per annum or $300,000 in one year by utilising the “bring forward” rule), and so no tax is levied on these contributions.

Investment period

When calculating how much extra you could save, it is assumed your investment period ends at age 67. You can change the assumed retirement age in the “Edit assumptions” section.


Inflation is assumed to be 3.2% pa. This is the default rate in the ASIC MoneySmart superannuation calculator. The actual rate of inflation may differ significantly from this assumption and, if inflation is more or less than the assumed rate of inflation, the outcome at the end of the selected period could be affected.

The price of each item is assumed to increase with inflation.

You can change the assumed rate of inflation in the “Edit assumptions” section.

Results are in today’s dollars

Results are shown in today's dollars. This means the amounts shown are adjusted for inflation (and so take into account the assumed change in the cost of living between the time of preparing the estimate and the future time).

The assumed rate of inflation has been used to discount future amounts to today’s dollars.

Investment earnings

The default investment return and fee assumptions are:

 Pension phase return (before tax)Accumulation phase return (after tax)Investment fee (%pa)

Investment earnings in Accumulation accounts are taxed. The pension phase returns are not used in the calculations, but are included here for illustrative purposes and to show the impact of tax on investment earnings.

Administration fees and insurance premiums

The default administration fees and insurance premiums are:

Asset-based Administration Fee0.10% pa of the account balance
Insurance premiums$0 per annum

The calculator assumes that saved amounts are contributed to an existing superannuation account. No additional dollar based fees would therefore be incurred in virtue of making these contributions. Dollar-based administration fee and insurance premiums are therefore ignored for the purpose of this calculator. If your account has a dollar based administration fee, or incurs an insurance fee, the outcome at the end of the selected period could be affected. Additional contributions into superannuation would result in a higher superannuation balance, and so higher asset based fees. Asset based fees are therefore allowed for in this calculator.

From July 2019, the Protecting Your Super legislation introduced a 3% fee cap for super balances of less than $6,000. This is ignored for the purposes of this calculator.

Legislative assumptions

A number of assumptions in this calculator are prescribed by legislation. These assumptions include: the tax on superannuation contributions and the tax on investment earnings.

Where there is relevant legislation, the assumptions made in this calculator reflect current legislative arrangements. One uncertainty regarding future superannuation entitlement relates to possible future legislative changes.

Although some future changes in the legislation relating to superannuation are likely, it is not possible to know what these changes may be. Where there is relevant legislation, current legislative arrangements therefore represent the most reasonable basis for estimating future superannuation entitlement.

Updates to legislative assumptions are made as soon as practicable after such changes are announced. The calculator is based on legislative arrangements as at July 2020.


This calculator attempts to include the most significant and relevant features of the superannuation environment, and to do so in an accurate manner. However a calculator such as this is not able to address or include all facets of superannuation The most significant limitations are:

  • The calculator performs a “deterministic” projection.

    This means that the assumptions such as investment returns are assumed to be constant every year, at the rates indicated above. The actual investment returns will vary from year to year. More aggressive investment options, with higher expected returns, would be expected to exhibit a more significant range of outcomes. The calculator does not show the range of possible outcomes.

    In this calculator, selecting a more aggressive investment option will present a more favourable outcome. However there is also likely to be more uncertainty attached to this outcome. You should consider this carefully before selecting an investment option.

  • Co-contributions are not included in the calculator. As the calculator assumes that saved amounts are contributed to superannuation as non-concessional contributions, you may also be eligible for co-contributions (if your salary is less than $54,837 pa). If you were eligible for co-contributions this would potentially increase the benefit of saving amounts related to giving up an everyday item.

  • Instead of savings by making non-concessional contributions, an equivalent pre-tax amount could be saved by making concessional contributions. For most people this would increase the benefit of savings due to the lower tax payable on concessional contributions compared to salary.

Edit assumptions


Edit user defined investment option

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