Moneysmart Retirement Planner

What Moneysmart Retirement Planner is

Moneysmart Retirement Planner is a free web calculator that estimates retirement income and helps users check progress toward retirement goals. It can compare scenarios involving career changes or breaks, lifestyle goals, investment choice changes, and regular income. Users can also project savings growth, estimate Centrelink entitlement, and download their results when finished. The planner comes from Moneysmart, a Federal Government website brought to users by the Australian Securities and Investments Commission. Moneysmart says its guidance is for all Australians and that it does not provide personal financial advice. ASIC cautions that calculator results illustrate scenarios and should not replace professional advice. Moneysmart says it complies with the Australian Privacy Principles and federal government website guidelines. It describes protections including firewalls, security patches, regular security testing, and data encryption. There is no call centre; comments and complaints can be sent through the page feedback form.