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Instructions

This calculator will help you determine the total amount of lump sum money you need to stop work and live comfortably during retirement.

Step 1. In the ‘income needed’ field enter how much income is needed each year (in arrears), either by using the up and down arrows or by typing the amount directly into the field.
Step 2. Enter the values ‘for how long?’ and ‘net earning rate’ by using the up and down arrows next to each field.
Step 3. The calculator will display the calculated sum required depending on the values entered.

Important notes
1. Any calculations produced by the calculator are either information or general advice only. They do not consider your objectives, financial situation and needs. You should consider the appropriate Product Disclosure Statement and seek personal financial advice from your financial adviser before deciding to purchase or hold any financial product.
2. The calculations produced are based on a set of assumptions and are general illustrations only.
3. Any projected result is not guaranteed in any way. The actual performance of any specific investment will depend on a variety of factors including future economic conditions, investment management and changes to taxation.
4. The licensed ING entities and their related companies disclaim any liability that may arise for any direct, indirect, incidental, consequential of special damages that may arise from your access to or use of the calculator.
5. A small variation in the assumptions used can lead to a substantial change in the outcomes.

Assumptions
1. Your required income is assumed to be the same each year. The first annual income will be received in one years time.
2. The net earning rate used by the calculator is an effective per annum rate. You may alter the net earning rate to see the effect that this may have. Actual investment return will depend on the investment fund you choose and the investment performance of that fund. Past performance is no guarantee of future performance.
3. The Capital Sum Required is rounded down to the nearest dollar.
4. The calculator makes no allowance for the effect of fees or taxation, including the tax on investment earnings.