- This calculator tool assumes no withdrawals before retirement age
- All final figures are expressed in the value at retirement (tomorrow’s dollars)
- Contributions are made at the beginning of each month. Charges/fees are determined based on beginning balance after monthly contributions and collected at the beginning of each month
- Total retirement balance is as of the beginning of retirement age
- The inflation rate assumed for this projection is 0.0%
- The calculated retirement benefits are paid out on the anniversary of your first contribution
- The annual dollar contribution amount (contribution rate applied to current salary) does not exceed $18,000 for participants over age 49 or under, or $24,000 for age 50 and over
- The sum of the contribution amount and the employer match does not exceed $53,000 annually. (All caps are annual limits. In application, the model cap monthly cash flows by using 1/12 of these annual limits)
- Commissions are assumed to be collected monthly based on an annual brokerage fee rate
- The Payout assumption used in this projection is:
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There is no guarantee that any investment strategy will achieve its objectives. This hypothetical example is for illustrative purposes only and is based on assumptions in the calculator. This tool is hypothetical and is not indicative of the performance of any specific investment. This is intended as an educational tool only and represents hypothetical mathematical illustrations only. Calculations are estimates and may not provide accurate projections. Results may vary with each use over time. This material is for information purposes only and does not provide investment, tax, plan design or legal advice. Please consult your own independent advisor as to any investment, tax, plan design-related or legal statements made herein.
Group annuity contracts and recordkeeping agreements are issued by John Hancock Life Insurance Company (U.S.A.), Boston, MA (not licensed in New York) and John Hancock Life Insurance Company of New York, Valhalla, NY. Product features and availability may differ by state.
NOT FDIC INSURED | MAY LOSE VALUE | NOT BANK GUARANTEED | NOT INSURED BY ANY GOVERNMENT AGENCY
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