FairWay Calculator for Sustainable Drawdown in Retirement (Beta)

Determine your planning horizon and sustainable drawdown pathway based on personalised longevity and health factors.

What this calculator is designed to do: The calculator illustrates how a retirement drawdown strategy might be shaped by personal factors such as health and financial position. Using the information you enter, it estimates an indicative planning horizon and an illustrative drawdown level, based on a framework that balances income against the risk of outliving savings. Because circumstances change over time, you can re-run the calculator at any time with updated inputs to see how changes in health, wealth, or other factors affect the illustration.

What this calculator is not designed to do: Results are indicative illustrations only, produced under simplified assumptions — they are not personal financial advice, and they are not a recommendation to adopt any particular drawdown strategy or to acquire or dispose of any financial product.

Your household profile
Marital Situation
What situation describes you best in terms of Age Pension Eligibility when you retired?
Are you a homeowner?
You
Partner
Current Age
Gender
Your Personalised Longevity Assessment
You
Partner
Former Manual Labour
General Health Status
Smoker (Last 10 Years)
Diagnosed health conditions that will be included in your longevity assessment
Diabetes Diagnosis
Active Cancer History
Stroke (Last 10 Years)
Heart Disease

Note these are common health diagnoses and may not include your particular health circumstances.

Your Household’s Finances
Balance of Retirement Savings
Other Asset Assessable for Age Pension Eligibility

This calculator provides a simplified assessment of Age Pension eligibility based on the asset test only. It does not model the full Age Pension assessment process, which may also depend on the income test and other legislative provisions. A full assessment would require a financial adviser.

Your Risk Tolerance for Outliving Planning Horizon
Risk of Outliving Planning Horizon
Economic Assumption
Real Investment Return (Above CPI)

Default in line with the Australian Government “MoneySmart” assumption.

Output Preview
Risk of Outliving Planning Horizon
-
Age of Youngest Life at End of Horizon
- Age
Planning Horizon
- Years
Initial Statutory Minimum Drawdown (% Balance)
- p.a.
% Income efficiency at end of planning horizon
-
Initial Sustainable Drawdown (% Balance)
- p.a.
% Income efficiency at end of planning horizon
-
Initial Sustainable Drawdown (% Balance) with age pension interactions
- p.a.
% Income efficiency at end of planning horizon
-
Present value of age pension boost
- total
Income Profile Chart

Calculate to generate your income profile

Download PNG

Outputs are computed instantly in your browser from the Azuria actuarial model.

Important Information