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Are you retire ready?

CommBank Retirement Calculator

It's never too early to start planning for retirement.

If you want to have the best retirement lifestyle possible, then forward planning is important for helping you achieve this.

Even if retirement feels a long time away, it’s important to start thinking about when you’d like to retire, the type of lifestyle you want in retirement, how much debt you have and what assets (including your super) you will have when you finish working.

Being clear on your financial situation now, and where you want to be in the future, will help you develop the best financial strategies to achieve your goals.

How is your retirement tracking?

The CommBank Retire Ready Index, published in February 2017, projects the percentage of the population aged 25-64 who are expected to have sufficient assets including superannuation, personal wealth and Age Pension entitlements, to meet a comfortable level of retirement.

CommBank has partnered with Rice Warner, one of Australia’s leading and most respected actuarial firms, to provide a comprehensive picture of how Australians are tracking for their retirement.

You can read the CommBank Retire Ready Index highlights or download the full report.

Find out if you’re retire ready

Our retirement calculator helps you to estimate how much money you may need and how much you may have when you retire in just a few easy steps.

By entering in details such as your age, salary, super balance and other income, the calculator estimates how much income you could have per year when you retire. You can then compare this estimated income to your desired annual income in retirement. If you have a shortfall, you can learn about strategies that might help grow your retirement income.

It’s important to also consider obtaining financial advice from a licensed financial planner before making any financial decisions.

Take the first step towards becoming retire ready. Take me to the calculator.

The information in this article is correct as at February 2017.

Things you should know: This web page contains general advice. It does not take account of your objectives, financial situation or needs. You should consider talking to a financial planner before making a financial decision. This web page has been prepared by Commonwealth Financial Planning Limited ABN 65 003 900 169, AFSL 231139, (Commonwealth Financial Planning) a wholly-owned, non-guaranteed subsidiary of Commonwealth Bank of Australia ABN 48 123 123 124. Commonwealth Financial Planners are representatives of Commonwealth Financial Planning. Information in this web page is based on current regulatory requirements and laws, which may be subject to change. While care has been taken in the preparation of this web page, no liability is accepted by Commonwealth Financial Planning, its related entities, agents and employees for any loss arising from reliance on the information contained in the web page.