Minimum Pension Drawdown Calculator
Calculate the statutory minimum you need to withdraw from an account-based pension for the financial year.
Use the 1 July balance, or commencement value for a new pension.
Awaiting input
Enter your age and pension balance.
What this estimate includes
- Uses the age bands stored in the selected tax-year configuration.
- Includes the commencement day in the part-year period.
- Rounds the calculated minimum to the nearest $10.
Frequently asked questions
How is the minimum pension payment calculated?
Multiply the pension account balance by the percentage factor for your age at 1 July, then round the statutory result to the nearest $10.
What if the pension starts partway through the year?
The minimum is generally pro-rated for the days from commencement through 30 June, including the start day.
Is a minimum required for a June start?
No minimum payment is required for an account-based pension that starts on or after 1 June in that financial year.
Tax Accuracy & Sources
Reviewed: 28 July 2026 · Tax year: 2025-26 and 2026-27
Account-based pension minimum only. It does not model market-linked pensions, transition-to-retirement maximums, commutations, investment returns or fund-specific payment processing.
Related calculators
Retirement Action Plan 3-stage lifecycle: accumulation / TTR / drawdown. Ranks 15 levers: concessional cap, NCC bring-forward, government co-contribution, spouse contributions, downsizer, TTR pension, ABP minimum drawdown, transfer balance cap, recontribution strategy, age pension means-test, beneficiary tax TTR (Transition to Retirement) Calculator Plan your transition to retirement — see income replacement when reducing work hours and drawing a TTR pension from your super Super Death Benefit Tax Calculator Tax on inherited super — tax dependant vs non-tax dependant, direct vs via LPR, income stream Retirement Planner Model ETF and property paths to early retirement Superannuation Calculator Project your retirement super balance Superannuation Tax Calculator Estimate contributions, Division 293 and fund earnings tax