An easier way
Actually, I have found that the tool is unnecessary to get out the old style magazine retainer. Just remove the end cap on the (unloaded) gun. Then, point the weapon in a safe direction and load the magazine with DUMMY shells. The last shell should shoot everything--retainer, spring, follower, and shells--out the front. I found this out by accident, and never had to repeat it, as I installed a mag extension immediately afterward.
Crude and messy, but it works quickly and without damage.