RRIF Payment

Calculate your RRIF payment and how long your RRIF will last.
RRIF value
200,000
Start RRIF at age
71
Info
Start RRIF at age
You can start making withdrawals from a RRIF at any age but this calculator assumes age 50 is the earliest you can start. You must start making withdrawals by age 71.
End RRIF at age
90
Info
Use spouse's age
If your spouse is younger than you, you can use their age to calculate your minimum amount. If you plan on starting your RRIF at age 71, enter the age that your spouse will be when you are age 71 in the field below.
Younger spouse's age
65
Info
Younger spouse's age
Enter the age that your spouse will be when you are age 71.
X
Input Error: Younger spouse's age
Enter an age less than 71, the Start RRIF at age number.
Rate of return
6.00%
X
Input Error: Rate of return
Enter a value between and %.
Info
Start payments in
You can start withdrawals in the first or second year of your RRIF. You can skip the first year withdrawal to allow more of your RRIF to grow in value.
Fixed payment
12,000
Inflation rate
1.50%
Info
Inflation rate
This inflation rate is used to index the annual fixed payment.
X
Input Error: Inflation rate
Enter a value between and %.




Print  PDF

Assumptions
Annual RRIF payments are made at the start of the year. RRIF withdrawal rates announced in the 2015 Federal Budget are used in the calculations. This calculator assumes the RRIF was opened after 1992.

Disclaimer
This calculator is for educational purposes only. All charts and illustrations are for illustrative purposes and are not intended to illustrate the performance of any specific investment funds or portfolios. Calculations within this calculator consider minimum withdrawal amounts in accordance with CRA regulations. You should not rely on the results as an indication of your funds performances and your financial needs and we recommend that you seek your own financial, investment, tax, legal or accounting advice. The information herein shall not be considered as investment advice or as a recommendation to enter into any transaction. Professional advice should be obtained prior to acting on the basis of this information. The deduction of advisory fees, brokerage or other commissions and any other expenses that would have been paid may not be reflected in the calculation results. ©Copyright 2021 Ativa Interactive Corp. All rights reserved. Powered by Ativa.com