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Get practical guidance on easing into the next chapter.
Retirement is a significant life change — but it doesn’t have to happen all at once. If you’re a few years away, now is the perfect time to think about what you want retirement to look like and the steps to get there.
Whether you plan to keep working for a while, reduce your hours, or retire completely, having a plan helps you feel more confident about the future. Understanding your current position, when and how you can access your super, and how to transition into retirement all help you make informed decisions when the time is right.
Are you retirement ready?
You can use the calculator to estimate how much income you could have in retirement and how long your super might last. You can also compare different scenarios, including:
Making additional contributions before retirement
Changing your investment option
Retiring later
Seeing how different spending levels affect your savings.
It's aligned with the ASFA Retirement Standard, Australia's benchmark for the annual cost of a modest or comfortable retirement.
Is semi-retirement the right first step for you?
Not everyone turns 60 and is immediately ready to retire. Australians are living longer, healthier lives, and those with high job satisfaction can find it difficult to suddenly stop working.
Semi-retirement is a popular option for people who want the best of both worlds — more free time for family, hobbies or passion projects, without giving up the financial and social benefits of paid work.
The good news: even working a couple of days a week, your super balance can keep growing. Supplementing your super with a part-time income means you draw down less, so your savings could last longer and stay invested.
Explore our retirement products
There’s no one way to retire — with Vision Super you have options, including accessing your super as you reduce your working hours, and receiving a regular pension once you finish work.
Two ways people use a TTR pension
1. Ease gradually into retirement
Gradually reduce your work hours and transition into retirement, supplementing your income with pension payments from your super.
2. Keep working and boost your super through a TTR strategy
If you’re between 60 and 65, you may be able to use a transition to retirement strategy to save more super and pay less tax in the years before you retire.
Could a TTR pension be right for you? |
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Want to reduce your working hours but not your take-home pay? |
Would you like to try to reduce your income tax while continuing to work the same hours? |
Need additional income on top of your current wages? |
If you answered “Yes” to any of these, a transition to retirement pension could be worth considering — it may give you greater flexibility as you move towards retirement. Speaking with a financial adviser can help you decide whether the strategy is right for you. There’s also a section on transitioning to retirement in our retirement guide.
Get retirement advice
Access expert advisers offering a range of personal advice — from detailed projections to see if you’re on track, to simple advice on your Vision Super account, to comprehensive advice covering your super and broader financial goals.
More ways to prepare for retirement
Whether you’re looking to boost your super, learn more about your options or plan your next steps, these resources can help.
Thinking of downsizing?
The downsizer contribution scheme lets you use the proceeds from selling your family home to boost your super beyond the usual age and contribution limits.
Get our retirement guide
Whether you’re ready to retire now or just starting to think about it, our guide has plenty of information to help you get prepared.
Attend a seminar
Attending a Vision Super seminar is a great way to learn how to maximise your super before and after you retire. Find one near you.