SunGard’s MyRetirement Calculates Withdrawal Rates

SunGard said it designed the Monte Carlo-based  tool to help retirement plan participants feel confident about managing their retirement portfolios. The calculator projects pre- and post-retirement portfolios, assets at retirement and a budget along with retirement cash flow.

“Advisers need a better way to address their clients’ concerns about retirement savings and spending,” said Nate Call, vice president of product management in SunGard’s wealth and retirement administration division. “SunGard’s MyRetirement helps advisers provide a clear, realistic view of their clients’ ability to fund their retirement years and guide them toward their goals.”