Trick with those calculators is working out whether final $$$ are in real terms or nominal terms.
I'm not a Financial Adviser, so just how I look at things. If you retire at 55, then your life expectancy is 25-30 years. That is a long time. I therefore plan to keep most of my super in equities. If you have $1m in equities, then real returns of 7% or $70k a year seems reasonable. Obviously this is in real terms not nominal terms. To convert, just use the inflation assumption in the calculators. At 3% for 13 years until you get to 55, $1m in real terms is about $1.5m
