Life expectancy
It was further assumed that your account will support withdrawals until you reach the assumed life expectancy. |
90 |
| Balance at death |
0 |
Inflation rate
All illustrations and figures are shown in today's (or real) dollars. |
3% |
Net salary growth rate
To estimate future annual income at retirement, an annual growth rate is assumed based on age. |
Age 0 - 28: 4.1%
Age 29 - 48: 1.3%
Age 49 to 99: 0.0% |
Net rate of return on Manulife investments
If you have existing assets in a group registered retirement plan with Manulife Financial, your rate of return is based on the investor style determined on where your investments are held within your account(s). If you do not have assets within a group registered savings plan, your investor style determined within the retirement goal setting tool is used to determine rate of return. |
6.5% |
Net rate of return on outside investments
If you have existing assets in a group registered retirement plan with Manulife Financial, your rate of return is based on the investor style determined on where your investments are held within your account(s). If you do not have assets within a group registered savings plan, your investor style determined within the retirement goal setting tool is used to determine rate of return. |
6.5% |
Net payout (annuity) rate
It was assumed that your account will earn a rate of return based on a conservative investor style and you will withdraw an amount necessary each month to fund your desired retirement lifestyle. |
3.92 % |
Canada Pension Plan (CPP)/Quebec Pension Plan (QPP) benefits
In order to project your CPP benefit in retirement, we used 70% of your projected annual income at retirement and then estimated your CPP/QPP benefits at 25% of your annual retirement income. Your payout amount will decrease or increase 5% per month depending on your retirement age. |
$9,770.04 |
Old Age Security (OAS) benefits
Manulife Financial uses the maximum OAS payout as a starting point. The difference between your annual retirement income goal and the threshold is calculated. Your repayment amount is approximately 15% of the difference. From that amount, your approximate OAS benefits are calculated. |
$5,538.60 |
