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Income Account Payment Calculator

How long will your money last?

An Income account allows you to use your superannuation benefit to generate a tax-effective income stream in retirement.

With an Income account you can:

  • choose the level of income you want to receive each year, subject to a minimum amount
  • vary your level of income depending on your needs
  • make lump sum withdrawals.

Once you have chosen an income level and an earning rate, the calculator will then illustrate the income you may get and how long your retirement nest egg may last.

For those using a transition to retirement option, the maximum annual income limit is 10% of the account balance.

1. Your details and assumptions

Date of birth
Retirement start date
Estimated retirement benefit
Undeducted contributions
Expected earnings rate %

2. Now choose an income level

Enter your nominated income to see how long it will last. You can also select the minimum income you can receive each year to see how long your benefit could potentially last.

Nominated initial income Indexed?
Minimum initial per year
Maximum initial per year*

3. Reversionary beneficiary?

Will your income continue to be paid to your spouse if you die? If not, the balance of your account would be paid to your estate.

Reversionary beneficiary?
Spouse's date of birth
Spouse's sex

Minimum income amount

Nominated income amount

Age next birthday


  • Results are an illustration based on the information you enter and the assumptions made within the calculator. For the purpose of projecting benefits, a net investment return of 0% after fees and taxes has been used, unless changed by you.
  • Results are shown in ‘today's dollars’. Any tax applicable to pension payments has not been taken into account.
  • You can choose the minimum income or a nominated amount. Where you nominate a value, you can also choose whether to index that amount each year at a rate of inflation chosen by you. The calculator assumes payments are taken evenly across the year and a proportional payment is calculated for the first year.
  • The graph is designed to illustrate how the balance of your account changes over the period of your Income account. The graph stops at the year where your balance reaches $5,000 (which would represent the final payment for some Income accounts).
  • The figures are designed as a general illustration of the working of an account-based Income account and the estimated result is not guaranteed in any way. The actual performance will depend on the chosen product, future economic conditions, and investment performance.
  • This calculator does not replace personal financial advice and you should seek specific professional advice prior to acting on any information. We recommend you read our disclaimer.
  • To calculate the minimum income, this calculator uses legislated minimums with a commencement date on and after 1 July 2007.