receive our newsletter How much will I be worth when I retire?
Employers in Australia are required to contribute 9% of gross salary.- the table below demonstrates how much this will be worth at retirement
- Assumptions are based on the last 5 years of invested superannuation funds
- Employees can contribute additional funds.
- Interest earned on these funds are tax free
- A nurse who is 25-35 years of age is likely to retire with over half a million dollars
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Accumulated Earnings of Retirement Fund
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The Assumptions
- 2% inflation
- Investment returns of 6%
- Base of $20,000 already in super
- Assumes 15% contributions tax
- Assumes salary fixed
- Employer contributes all 9%
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