Schutt made headlines last year when she identified the ongoing ODI World Cup as her likely exit point, after a career that now includes more than 300 international wickets.
But the veteran seamer has since changed plans, deciding she wants to play on into the summer and potentially until next year's T20 World Cup in England.
"That's the plan, but that's obviously not a given," Schutt told AAP recently.
"I'm completely aware that if my performances aren't up to scratch and I'm not featuring in the XI still contributing, or if that fire burns out, I wouldn't stay on.
"I'll have some reflections closer to that World Cup next year.
"And if I feel that's right, then that might be the end. I don't think I can make that decision ahead of time. I'm an impulsive person and I'll feel it in the moment."
Going on to next year's World Cup could potentially give Schutt - and other senior members of Australia's team - the chance to exit with all trophies in hand.
Australia remain unbeaten in the current 50-over World Cup in the subcontinent, after pulling off the biggest chase in ODI history of 331 against India on Sunday.
Victory over Bangladesh on Thursday in Visakhapatnam would lock in a semi-final spot, as Australia aim to become the first team to win back-to-back ODI World Cups in almost 40 years.
Australia currently hold the Ashes, and while there is a home multi-format series against India this summer, next year's T20 World Cup is a chance to win back what they lost last year in the UAE.
"That'd be one hell of a way to go out. To hold everything under the mantle would be cool," Schutt said.
"That's the plan, but at the same time, when you've been around a long time and achieved everything there is to achieve, you get asked a lot about that.
"Really you just want to finish the game knowing you've given what you can and didn't hold the team back."
The 32-year-old was left out of Australia's team for the World Cup opener against New Zealand, but is now firmly back in the first-choice attack.
Some 13 years after her international debut, Schutt took an eye to her future this year when she completed a level-three coaching course.
But she said working out the timing of a career transition was not easy.
"I'm someone who puts all the eggs in the one basket and so it's really hard for me to picture what my next basket is," Schutt said.
"I'll know in my heart if it's right.
"In England, if it happens to be a great moment of lifting a trophy and that feels like that's enough, then I'll call time then, but I'm not sure."
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