input age year income

starting income 40000 25 1 $40,000.00

annual pay rise 10% 26 2 $44,000.00
inflation rate 3% 27 3 $48,400.00
base interest rate 5% 28 4 $53,240.00
superannuation rate 9% 29 5 $58,564.00
30 6 $64,420.40
rate of expenditures 40% 31 7 $70,862.44
savings in year 1 0 32 8 $77,948.68
price of a home in year 1 400000 33 9 $85,743.55
34 10 $94,317.91
35 11 $103,749.70
36 12 $114,124.67
37 13 $125,537.14
38 14 $138,090.85
39 15 $151,899.93
output 40 16 $167,089.93
year you buy home 1 41 17 $183,798.92
mortgage size Err:508 42 18 $202,178.81
mortgage rate 6.00% 43 19 $222,396.69
year you pay off mortgage 1 44 20 $244,636.36
age you own your home 25 45 21 $269,100.00
46 22 $296,010.00
47 23 $325,611.00
48 24 $358,172.10
49 25 $393,989.31
50 26 $433,388.24
51 27 $476,727.06
52 28 $524,399.77
53 29 $576,839.74
54 30 $634,523.72
55 31 $697,976.09
56 32 $767,773.70
57 33 $844,551.07
58 34 $929,006.18
59 35 $1,021,906.79

retire at 60
tax super after tax income after expenditures cumulative savings price of a home
Err:508 3600 Err:508 Err:508 Err:508 400000
Err:508 3960 Err:508 Err:508 Err:508 424000
Err:508 4356 Err:508 Err:508 Err:508 449440
Err:508 4791.6 Err:508 Err:508 Err:508 476406.4
Err:508 5270.76 Err:508 Err:508 Err:508 504990.78
Err:508 5797.84 Err:508 Err:508 Err:508 535290.23
Err:508 6377.62 Err:508 Err:508 Err:508 567407.64
Err:508 7015.38 Err:508 Err:508 Err:508 601452.1
Err:508 7716.92 Err:508 Err:508 Err:508 637539.23
Err:508 8488.61 Err:508 Err:508 Err:508 675791.58
Err:508 9337.47 Err:508 Err:508 Err:508 716339.08
Err:508 10271.22 Err:508 Err:508 Err:508 759319.42
Err:508 11298.34 Err:508 Err:508 Err:508 804878.59
Err:508 12428.18 Err:508 Err:508 Err:508 853171.3
Err:508 13670.99 Err:508 Err:508 Err:508 904361.58
Err:508 15038.09 Err:508 Err:508 Err:508 958623.28
Err:508 16541.9 Err:508 Err:508 Err:508 1016140.67
Err:508 18196.09 Err:508 Err:508 Err:508 1077109.11
Err:508 20015.7 Err:508 Err:508 Err:508 1141735.66
Err:508 22017.27 Err:508 Err:508 Err:508 1210239.8
Err:508 24219 Err:508 Err:508 Err:508 1282854.19
Err:508 26640.9 Err:508 Err:508 Err:508 1359825.44
Err:508 29304.99 Err:508 Err:508 Err:508 1441414.97
Err:508 32235.49 Err:508 Err:508 Err:508 1527899.86
Err:508 35459.04 Err:508 Err:508 Err:508 1619573.86
Err:508 39004.94 Err:508 Err:508 Err:508 1716748.29
Err:508 42905.44 Err:508 Err:508 Err:508 1819753.19
Err:508 47195.98 Err:508 Err:508 Err:508 1928938.38
Err:508 51915.58 Err:508 Err:508 Err:508 2044674.68
Err:508 57107.13 Err:508 Err:508 Err:508 2167355.16
Err:508 62817.85 Err:508 Err:508 Err:508 2297396.47
Err:508 69099.63 Err:508 Err:508 Err:508 2435240.26
Err:508 76009.6 Err:508 Err:508 Err:508 2581354.67
Err:508 83610.56 Err:508 Err:508 Err:508 2736235.95
Err:508 91971.61 Err:508 Err:508 Err:508 2900410.11
deposit needed can afford deposit? mortgage outstanding paid off mortgage?
40000 Err:508 Err:508 Err:508
42400 Err:508 Err:508 Err:508
44944 Err:508 Err:508 Err:508
47640.64 Err:508 Err:508 Err:508
50499.08 Err:508 Err:508 Err:508
53529.02 Err:508 Err:508 Err:508
56740.76 Err:508 Err:508 Err:508
60145.21 Err:508 Err:508 Err:508
63753.92 Err:508 Err:508 Err:508
67579.16 Err:508 Err:508 Err:508
71633.91 Err:508 Err:508 Err:508
75931.94 Err:508 Err:508 Err:508
80487.86 Err:508 Err:508 Err:508
85317.13 Err:508 Err:508 Err:508
90436.16 Err:508 Err:508 Err:508
95862.33 Err:508 Err:508 Err:508
101614.07 Err:508 Err:508 Err:508
107710.91 Err:508 Err:508 Err:508
114173.57 Err:508 Err:508 Err:508
121023.98 Err:508 Err:508 Err:508
128285.42 Err:508 Err:508 Err:508
135982.54 Err:508 Err:508 Err:508
144141.5 Err:508 Err:508 Err:508
152789.99 Err:508 Err:508 Err:508
161957.39 Err:508 Err:508 Err:508
171674.83 Err:508 Err:508 Err:508
181975.32 Err:508 Err:508 Err:508
192893.84 Err:508 Err:508 Err:508
204467.47 Err:508 Err:508 Err:508
216735.52 Err:508 Err:508 Err:508
229739.65 Err:508 Err:508 Err:508
243524.03 Err:508 Err:508 Err:508
258135.47 Err:508 Err:508 Err:508
273623.6 Err:508 Err:508 Err:508
290041.01 Err:508 Err:508 Err:508
 Taxable income Tax on this income

$0 – $6,000 Nil

$6,001 – $25,000 15c for each $1 over $6,000

$25,001 - $75,000
$75,001 – $150,000
Over $150,000
$2,850 plus 30c for each $1 over
$25,000
$17,850 plus 40c for each $1 over
$75,000
$47,850 plus 45c for each $1 over
$150,000