Members of Australia’s Mercer Super Trust are getting a helping hand.
The new retirement calculator will help them assess their superannuation and predict the impact events such as share market volatility and a career break will have on their retirement income.
The simulator also features a ‘stress-test’, which helps members to see the impact of stock market movements on their retirement income. The stress test is based on 10 different scenarios for each investment.
“It’s very powerful for members to see how their contribution patterns and investment strategies can influence the income they will have in retirement. Mercer’s Retirement Income Simulator shows people in very clear terms what they can achieve by working longer or saving more,” said Heather Dawson, partner at Mercer.
