A ProjectionLab alternative for Australia: My Runway compared
ProjectionLab works in Australia: it has Australian tax presets on its paid Premium plan, and super account types. Its Australia page doesn’t list stamp duty, land tax, HELP or the Age Pension. My Runway is an alternative built only on Australia’s rules: it projects a household’s money year by year with tax, super, property and the Age Pension applied, and finds the year each goal is affordable. This page sets out what each does, from each one’s own site.
What My Runway does that ProjectionLab’s Australia page doesn’t list
- The Age Pension’s income and assets tests, every year
- Stamp duty for each state, with first home buyer relief
- Land tax by state
- HELP repayments
- The Medicare levy and surcharge
- Capital gains tax with the discount, and the changes from 1 July 2027
- Division 293 and the transfer balance cap
Side by side
| What | My Runway | ProjectionLab |
|---|---|---|
| Stamp duty, land tax, HELP and the Age Pension | Each state’s stamp duty with first home buyer relief, land tax by state, HELP repayments, and the Age Pension’s income and assets tests | Not listed on its Australia page |
| Australian income tax | Income tax, the Medicare levy and surcharge, and tax offsets, worked out for each person every year, on the free plan and Plus | Australian tax presets, on its paid Premium plan |
| Super | Contributions and their caps, Division 293, preservation age, the transfer balance cap and minimum pension drawdowns | Superannuation and non-concessional super account types |
| Buying property | A purchase as a milestone, with its deposit, stamp duty, fees, mortgage insurance and loan, and the year it is affordable | Rental income, buying a home, and renting against owning |
| Franking credits | Franked and unfranked dividends from shares, funds and assets, with the credits taken off the tax and any excess refunded | Franked and unfranked dividends, with franking credits estimated |
| A couple | A plan is one or two people, each taxed on their own share | Plan as a couple |
| Where your data is kept | In Australia (Sydney) | Google Cloud Firestore (its security page names no region) |
| Price | Free, or Plus at A$149 a year, GST included | Basic free; Premium $129 a year; Pro, for advisers and coaches, $549 a year (its pricing page names no currency) |
| Market returns | Steady growth rates, shown and yours to change | Monte Carlo simulations and historical backtesting, on its free plan |
| Countries | Australia only: every plan follows Australian rules, in Australian dollars | Tax presets for several countries, including Australia, the UK, Canada, Germany and the Netherlands, and US federal tax |
ProjectionLab is described from its own site. A product changes; its own site has the current details. My Runway’s side matches the help centre and pricing.
What My Runway gives you
Who each is built for
My Runway
- A household in Australia that wants to know the year it can buy a home, invest or retire, with every Australian rule applied.
- Someone who wants the answer first, in a sentence, and the workings a click deeper.
- Anyone who wants their plan kept in Australia.
ProjectionLab
- Someone planning across several countries, or under US tax rules, or who wants to simulate market uncertainty; its Pro plan is for advisers and coaches.
ProjectionLab simulates a range of market outcomes (Monte Carlo) and tests a plan against past markets, where My Runway grows each asset at a steady rate you set. It also plans across countries and currencies.
Checked against the official sources and calculators
Every rate My Runway applies comes from the body that sets it (the ATO, Services Australia or a state revenue office) and is stored with its source and the day it was checked. The app reproduces their published worked examples to the cent, and is compared with the official calculators across ranges of incomes, prices and balances. How we check our figures.
General information only, not financial advice, and not a recommendation of either. My Runway is a calculator: it applies the rules to the figures you give it.
Questions people ask
Does ProjectionLab work in Australia?
Yes. ProjectionLab has tax presets for several countries, Australia among them, on its paid Premium plan, and Superannuation and Non-Concessional Super account types. Its Australia page doesn’t list stamp duty, land tax, HELP repayments or the Age Pension.
Is there an Australian alternative to ProjectionLab?
My Runway is one: a calculator built only on Australia’s rules, with income tax and the Medicare levy for each person, super and its caps, stamp duty and land tax in each state, HELP, capital gains tax and the Age Pension’s income and assets tests, every year. Moneysmart’s retirement planner, run by ASIC, is another: free, and focused on income in retirement.
Does My Runway run Monte Carlo simulations, like ProjectionLab?
No. My Runway grows each asset at a steady rate you set, shown and yours to change. ProjectionLab runs Monte Carlo simulations and historical backtesting, on its free plan.
What does each cost?
My Runway is free, or Plus at A$149 a year, GST included. ProjectionLab’s Basic plan is free, Premium is $129 a year and Pro, for advisers and coaches, is $549 a year; its pricing page names no currency.
Can a couple plan together in each?
Yes. A My Runway plan is one or two people, each taxed on their own share. ProjectionLab lets you plan as a couple.
Where is my data kept?
My Runway keeps plans in Australia (Sydney). ProjectionLab keeps its data in Google Cloud Firestore; its security page names no region.
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