Small change, big savings

Select how many of each item you could give up to see how this could add up:

Click on an item above to see how much you could potentially add to your retirement savings by reducing your spending on luxury items.


Total savings


Based on investing this monthly amount into [INVESTMENT_CHOICE] fund and assuming [INVESTMENT_RETURN]% growth over a [YEARS_TO_RETIREMENT] year period.

Voluntary contributions

Voluntary contributions are made by topping up your super from your take-home pay. You could even be eligible for a co-contribution from the government, depending on your salary.

*This is the type of contribution shown in this calculator.

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Salary sacrifice

A tax-effective way to top up your super, if your employer allows, is using your before-tax salary to make super contributions. The money goes straight into your super before you get your take-home pay.

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Spouse contributions

Did you know that your spouse can also contribute to your super? They may even be eligible for a tax-offset if they do, depending on how much you’re earning.

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Get advice

Not sure which of these options may be right for you? Speaking with a qualified financial adviser can help you find the best strategy to meet your needs.

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Disclaimer and assumptions

Small Change Big Savings – Assumptions and disclaimer

This calculator is intended for illustrative purposes only. The information it contains is of a general nature only.

The results provided by the calculator are estimates only and are not guaranteed. Actual outcomes depend on uncertain factors such as investment returns and relevant legislation.

The calculator is not intended to be relied on for the purposes of making a decision in relation to a financial product. In making any decisions about your superannuation or your retirement you should consider your own objectives, financial situation and needs. You should consider obtaining advice from a licensed financial planner before making any decisions.

The costs of the everyday items are estimates and do not necessarily represent the exact cost to you if you were to give up the item, at the specified frequency, as represented by the calculator.

In giving up one or more items in the calculator, you are then assumed to save an amount equal to the cost of the item(s).

Savings are assumed to be added as regular non-concessional contributions into superannuation. The calculator assumes that these contributions can be made within your non-concessional contribution limits (being $100,000 per annum or $300,000 in one year by utilising the “bring forward” rule), and so no tax is levied on these contributions.

Inflation is assumed to be 3.2% pa. This is the default rate in the ASIC MoneySmart superannuation calculator.

The price of each item is assumed to increase with inflation.

You can change the assumed rate of inflation in the “Edit assumptions” section.

Results are in today’s dollars
Results are shown in today's dollars. This means the amounts shown are adjusted for inflation (and so take into account the assumed change in the cost of living between the time of preparing the estimate and the future time).

The assumed rate of inflation has been used to discount future amounts to today’s dollars.

Investment earnings
The default investment return and fee assumptions are:

Pension phase
return (before tax)

Accumulation phase return (after tax)

Investment fee (%pa)





















High growth




These are the default rates in the ASIC MoneySmart superannuation calculator.

Investment earnings in Accumulation accounts are taxed. The pension phase returns are not used in the calculations, but are included here for illustrative purposes and to show the impact of tax on investment earnings.

Administration fees and insurance premiums

The Administration Fees applied in the calculator reflect AMIST Super’s fees as at 22 August 2018:

Asset-based Administration Fee

0.07% pa of the account balance

The calculator assumes that saved amounts are contributed to an existing superannuation account. No additional dollar based fees would therefore be incurred in virtue of making these contributions. Dollar-based administration fee and insurance premiums are therefore ignored for the purpose of this calculator. Additional contributions into superannuation would result in a higher superannuation balance, and so higher asset based fees. Asset based fees are therefore allowed for in this calculator.

Legislative assumptions
A number of assumptions in this calculator are prescribed by legislation. These assumptions include: the tax on superannuation contributions and the tax on investment earnings.

Where there is relevant legislation, the assumptions made in this calculator reflect current legislative arrangements. One uncertainty regarding future superannuation entitlement relates to possible future legislative changes.

Although some future changes in the legislation relating to superannuation are likely, it is not possible to know what these changes may be. Where there is relevant legislation, current legislative arrangements therefore represent the most reasonable basis for estimating future superannuation entitlement.

Updates to legislative assumptions are made as soon as practicable after such changes are announced. The calculator is based on legislative arrangements as at July 2019.

This calculator attempts to include the most significant and relevant features of the superannuation environment, and to do so in an accurate manner. However a calculator such as this is not able to address or include all facets of superannuation The most significant limitations are:

  • The calculator performs a “deterministic” projection.
    This means that the assumptions such as investment returns are assumed to be constant every year, at the rates indicated above. The actual investment returns will vary from year to year. More aggressive investment options, with higher expected returns, would be expected to exhibit a more significant range of outcomes. The calculator does not show the range of possible outcomes.

    In this calculator, selecting a more aggressive investment option will present a more favourable outcome. However there is also likely to be more uncertainty attached to this outcome. You should consider this carefully before selecting an investment option.
  • Co-contributions are not included in the calculator. As the calculator assumes that saved amounts are contributed to superannuation as non-concessional contributions, you may also be eligible for co-contributions (if your salary is less than $53,564 pa in the 2019/2020 financial year). If you were eligible for co-contributions this would potentially increase the benefit of saving amounts related to giving up an everyday item.

  • Instead of savings by making non-concessional contributions, an equivalent pre-tax amount could be saved by making concessional contributions. For most people this would increase the benefit of savings due to the lower tax payable on concessional contributions compared to salary.

Edit assumptions


Edit user defined investment option