Manulife
   "Illustration" for JENNIFER SMITH
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For demo purposes, the results shown reflect sample data.
   The following is a summary of your projected income at retirement. To access a complete report detailing your results, simply click on the Detailed customized report button. To make changes, select    or  .

To discuss these results and/or any of our products, contact us at 1 800 242-1704, extension 5057.
    
Summary of information

  Personal Information
 
 Assets
 Gender  Female    Assets as of September 30, 2007  $81,451.11
 Date of birth September 30, 1958    Monthly contributions  $400.00
 Spouse's date of birth      Expected return Varies by source
     Projected assets at retirement
 (September 30, 2023 - age 65)		  $477,685.19
 
 Retirement Options (Allocated assets in 2023)
 
 Income Payment
 RRIF  $341,421.95  Starting Jan. 15, 2024: $1,770.00 monthly
 LIF (ON)  $136,263.24  Starting Jan. 15, 2024: monthly maximum amount
 Total $477,685.19    Country of taxationCanada
    Province of taxationOntario
    Withholding taxesLowest amount at source

Summary of projected results



  RRIF
(Expected return: 6.000%)


  		LIF (ON)
(Expected return: 6.000%)


  		Total - All Plans



Year Owner's
age on
Jan. 1st		 Opening
balance
($)		 Gross annual
income
($)		 Opening
balance
($)		 Gross annual
income
($)		 Opening
balance
($)		 Gross annual
income
($)
2023 64 341,421.95
0.00  
 136,263.24
0.00  
 477,685.19 0.00
2024 65 346,473.40
21,240.00  
 138,279.30
10,204.80  
 484,752.70 31,444.80
2025 66 345,387.33
21,240.00  
 136,066.42
10,227.96  
 481,453.75 31,467.96
2026 67 344,236.08
21,240.00  
 133,696.92
10,251.60  
 477,933.00 31,491.60
2027 68 343,015.76
21,240.00  
 131,160.89
10,275.84  
 474,176.65 31,515.84
2028 69 341,722.23
21,240.00  
 128,447.75
10,300.56  
 470,169.98 31,540.56
2029 70 340,351.08
21,240.00  
 125,546.35
10,326.12  
 465,897.43 31,566.12
2030 71 338,897.66
25,010.64 *
 122,444.55
10,352.40  
 461,342.21 35,363.04
2031 72 333,473.76
24,943.80 *
 119,129.58
10,379.64  
 452,603.34 35,323.44
2032 73 327,793.26
24,879.48 *
 115,587.65
10,407.72  
 443,380.91 35,287.20
2033 74 321,838.17
24,813.72 *
 111,804.29
10,437.00  
 433,642.46 35,250.72
2034 75 315,593.51
24,774.12 *
 107,763.77
10,467.60  
 423,357.28 35,241.72
2035 76 309,014.94
24,690.24 *
 103,449.31
10,499.64  
 412,464.25 35,189.88
2036 77 302,128.05
24,623.40 *
 98,842.98
10,533.36  
 400,971.03 35,156.76
2037 78 294,896.78
24,564.96 *
 93,925.54
10,569.00  
 388,822.32 35,133.96
2038 79 287,291.82
24,506.04 *
 88,676.36
10,607.16  
 375,968.18 35,113.20
2039 80 279,291.25
24,438.00 *
  On December 31, 2038, you must convert your Life Income Fund (LIF) to an Annuity. Your estimated account balance at that date is $83,072.92. 279,291.25 24,438.00
2040 81 270,880.71
24,352.20 *
 270,880.71 24,352.20
2041 82 262,053.90
24,292.44 *
 262,053.90 24,292.44
2042 83 252,759.03
24,214.32 *
 252,759.03 24,214.32
2043 84 242,986.91
24,128.64 *
 242,986.91 24,128.64
2044 85 232,716.72
24,039.60 *
 232,716.72 24,039.60
2045 86 221,922.01
23,945.40 *
 221,922.01 23,945.40
2046 87 210,576.63
23,858.28 *
 210,576.63 23,858.28
2047 88 198,640.25
23,757.36 *
 198,640.25 23,757.36
2048 89 186,091.62
23,652.24 *
 186,091.62 23,652.24
2049 90 172,898.34
23,548.80 *
 172,898.34 23,548.80
2050 91 159,019.99
23,423.64 *
 159,019.99 23,423.64
2051 92 144,437.83
23,283.36 *
 144,437.83 23,283.36
2052 93 129,125.22
23,139.24 *
 129,125.22 23,139.24
2053 94 113,042.28
22,608.48 *
 113,042.28 22,608.48
2054 95 96,540.97
21,240.00  
 96,540.97 21,240.00
2055 96 80,458.95
21,240.00  
 80,458.95 21,240.00
2056 97 63,412.00
21,240.00  
 63,412.00 21,240.00
2057 98 45,342.24
21,240.00  
 45,342.24 21,240.00
Click on the arrow to restore the table.
2058 99 26,188.29
21,240.00  
  
 
 26,188.29 21,240.00
 
 
* The income payment amount has been adjusted to respect the government prescribed limit(s).
 
 

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