Model your superannuation drawdown
This site is for people interested in understanding their
superannuation drawdown during retirement. Provide information on financial and non-financial
assets, income, superannuation fund/s, pension rates and supplements, and your target lifestyle
allowance and any planned budget spikes (e.g. new car, holiday). Then model your super's drawdown to
understand how long the fund/s will last. You can even include any payments from the Government Home Equity Access Scheme
to see what affect these will have on your financial outlook.
Will This Work for You?
Self-managed superannuation funds aren't supported. A maximum of two superannuation funds can
be modelled. Also, although the model will consider income from paid work, the work can't be
intermittent (e.g. as with seasonal work).
Why Do I Need to Sign Up?
Over time there will be events that affect your financial position. The intention is for you to
continue to use the
application to adjust your model as these events arise. To avoid re-entering data each time you
use the system your data is saved to a database. When you sign-up, the username that you provide is used to distinguish your data from other peoples'.
You can read more on privacy as it relates to SuperMod.
How Does It Work
Sign-up to create an account then follow these steps.
1Configure inputs
While standard rates and thresholds relating to the age pension are provided, you'll need to provide information relating to your income and assets. You'll also need to think about what sort of lifestyle you want to lead and how much that might cost.
2Enter budget spikes
You'll also have some big budget spikes that will affect you cash outlook, e.g. new car, or maybe an inheritance. You'll need to add any budget spikes that you can think of.
3Model
With all the necessary data in place you can now model the burndown of your super reserves. Explore your burndowns graphically.