RRIF withdrawals
A RRSP must be converted by the end of the year you turn 71, and from the following year a statutory percentage has to come out whether you need the money or not. This projects those minimums, the tax on each one, and how long the account lasts.
- Statutory minimum factors
- Tax on each withdrawal
- Portfolio runway
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Balance and withdrawals over time
- Closing balance
- Annual withdrawal
The statutory factor climbs with age
| Age 65$19,200 on today's balance | 4.0% |
|---|---|
| Age 71$25,344 on today's balance | 5.3% |
| Age 75$27,936 on today's balance | 5.8% |
| Age 80$32,736 on today's balance | 6.8% |
| Age 85$40,848 on today's balance | 8.5% |
| Age 90$57,216 on today's balance | 11.9% |
| Age 95$96,000 on today's balance | 20.0% |
Year by year
| Age 715.3% factor · $5,371 tax · $475,116 left | $25,344 |
|---|---|
| Age 725.4% factor · $5,463 tax · $469,685 left | $25,656 |
| Age 735.5% factor · $5,557 tax · $463,678 left | $25,974 |
| Age 745.7% factor · $5,651 tax · $457,070 left | $26,291 |
| Age 755.8% factor · $5,743 tax · $449,840 left | $26,601 |
| Age 766.0% factor · $5,832 tax · $441,972 left | $26,900 |
| Age 776.2% factor · $5,942 tax · $433,364 left | $27,270 |
| Age 786.4% factor · $6,028 tax · $424,063 left | $27,562 |
| Age 796.6% factor · $6,129 tax · $413,987 left | $27,903 |
| Age 806.8% factor · $6,227 tax · $403,112 left | $28,234 |
| Age 817.1% factor · $6,318 tax · $391,427 left | $28,540 |
| Age 827.4% factor · $6,421 tax · $378,854 left | $28,887 |
| Withdrawn over twelve years | $325,163 |
The minimum is the prescribed factor for your age at 1 January multiplied by the RRIF’s fair market value on that date. Below 71 the factor is 1 ÷ (90 − age); from 71 it follows the regulated table, reaching 20.0% at 95 and staying there.
No minimum is required in the year the RRIF is opened, so a RRSP converted at 71 has its first mandatory withdrawal in the year the holder turns 72. This projection starts drawing immediately from the age you enter, which is the conservative reading.
Tax on each withdrawal is calculated as the difference between total tax on your other income and total tax on that income plus the withdrawal, using 2026 federal and provincial brackets with no payroll contributions. Growth is applied after the withdrawal at your assumed return.
These results are illustrative estimates based on published 2026 rates and typical lender rules. They are not financial, tax, or legal advice, and they are not a mortgage or credit approval. See the methodology and disclaimer.
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