RRIF Calculator
How Does it Work?
This RRIF Calculator will give you an idea of how long funds in a Registered Retirement Income Fund (or RRIF) will last. In a nutshell, a RRIF is a withdrawal plan in which proceeds from an RRSP are used to provide annual income. Investment earnings continue to accumulate on a tax-sheltered basis. Each year, there must be a minimum withdrawal, which depends on the age of the RRIF holder and the market value of the account.
Estimate Your RRIF Withdrawals
Enter the market value of the RRIF at the beginning of the year and the type of withdrawal you want and the RRIF Calculator will project the balance of the RRIF until age 100.
Results
RRIF Calculation Details
- The RRIF payout schedule below is based on annual payments equal to the minimum withdrawal required under the Income Tax Act.
RRIF Projection of Assets
The following shows the evolution of assets over time given the annual withdrawals offset by investment income.
RRIF Calculator Payout Schedule
Other Information
Personal Information
The annual minimum withdrawal of a RRIF depends on your age and on the market value of assets in the account at the beginning of each year.
Annual Withdrawal
You can select an annual withdrawal equal to the minimum amount, or specify another amount that will be the same each year, or will increase annually in line with the expected rate of inflation. If you select another amount and it is lower than the minimum in a future year, the withdrawal will be increased to the minimum amount.
