Defined Benefit Pension Calculator (Australia)

Current Age

Planned Retirement Age

Years of Service in Scheme (Current)

Years you have already been a member of the Defined Benefit scheme.

Current Annual Salary (AUD)

Your current gross annual salary.

Scheme Accrual Rate (per year of service, %)

1.5%

This is the percentage used by your scheme per year of service (e.g., 1.5% means 1.5% of final salary per year).

Expected Annual Salary Increase Rate (%)

2.5%

Expected annual growth of your salary until retirement.

Expected Inflation Rate (%)

2.5%

Used to show your pension in today’s purchasing power.

Your Defined Benefit Pension Estimate

Estimated Annual Pension (Nominal)

A$-

Estimated Monthly Pension (Nominal)

A$-

Estimated Annual Pension (Today’s Dollars)

A$-

(Adjusted for inflation until retirement)

Years of Service at Retirement: –

Projected Final Salary: –

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