Superannuation calculator
Monday September 15, 2008
Managed super funds should be run with a specific financial goal in mind and a superannuation calculator can be useful to help plan your goal. The amount you will require in your superannuation fund in order to retire comfortably will be different to the amount anyone else will need, which is why it is important to find a reliable superannuation calculator to use when first opening self managed super funds.
As long as you know how a super fund works, you should be able to use a superannuation calculator to make an estimate of the amount you will need to add to you managed super funds in order to be reasonably sure of reaching your goal. Managed super funds do not grow at the same rate every year, but they tend to have an average rate of growth that you can use to make predictions using a superannuation fund calculator.
You will need to make sure that any superannuation calculator you use allows you to set the variables that could affect a superannuation fund or else that it details what those variables have been set to. If you are unaware of the numbers being used by a superannuation calculator in order to calculate the amount you will need in your fund, then you may be better off with a different superannuation calculator.
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