Financial independence calculator
Our Financial Independence Calculator helps you determine how much you need in investable assets to achieve financial independence. Jump to calculator.
How it works
To calculate your financial independence target, you’ll need to provide two key inputs: the age at which you want to be financially independent and how much you plan to spend annually to maintain your desired lifestyle.
Our calculator uses these inputs, along with a few basic assumptions, to estimate the asset base required to achieve your goal.
You can choose between two calculation methods: one assumes you’ll draw down your capital, while the other calculates for a rising, sustainable income stream.
Drawdown Capital
Selecting ‘Drawdown Capital’ will calculate the amount of investable assets required to fund your lifestyle (adjusted for inflation) from the age you wish to be financially independent until your life expectancy.
Rising, Sustainable Income Stream
Choosing ‘Rising, Sustainable Income Stream’ calculates the assets needed to fund your lifestyle (inflation-adjusted) indefinitely, without drawing down your capital. This approach ensures longevity isn’t a risk, and you can potentially pass on wealth to future generations.
No government allowances
It’s important to note that this calculator doesn’t factor in government entitlements like the Age Pension. To be truly financially independent, you should aim to achieve this without relying on government support.
However, if government allowances are a crucial part of your retirement plan, we recommend seeking Tailored Advice. Our team can help you navigate the complexities of incorporating government benefits into your financial strategy.
Input your details
Capital and income over time
Your capital is the shaded area; the income you draw each year sits on the right-hand scale. All figures are in today’s dollars.
Year by year
One row per year of retirement, from your target age up to life expectancy, in today’s dollars. Your capital target is rounded to the nearest $1,000, so a small balance can be left over at the end.
| Age | Opening capitalOpening | Income drawnDrawn | Investment returnReturn | Closing capitalClosing |
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Brad Buters
Managing Director | Financial Adviser
Helping Australians achieve financial independence.
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