RRIF Minimum Withdrawal Calculator | Canadian Planning Tools

Inputs

Age at start of year RRIF/LIF account balance Ending age / projection age Annual investment return assumption Withdrawal timing assumption Spouse age, if elected Leave blank to use your own age. If entered, the calculator uses the spouse age as the factor age.

Enter assumptions, then click Calculate to view results.

Summary

First-year withdrawal % 5.40%

First-year withdrawal amount $27,000

Total withdrawals over projection period $0

Final projected balance $0

This estimate uses the entered age and balance only. Confirm actual minimums, spouse age elections, LIF rules, tax withholding, and payment timing with your financial institution or current CRA guidance.

Projection details

Year-by-year projection

Age	Opening balance	Minimum withdrawal %	Minimum withdrawal amount	Investment growth	Ending balance

Assumptions and disclosure

Minimum withdrawal percentages are generally based on the opening balance for the year. The withdrawal timing assumption affects only future balance projections and investment growth, not the minimum withdrawal percentage for that year.

This calculator is simplified and educational. It does not estimate taxes, withholding on amounts above the minimum, transfers, fees, account-specific administrative rules, or all locked-in account restrictions.

Actual RRIF/LIF requirements should be confirmed with financial institutions, current CRA guidance, and applicable pension legislation. LIF rules may differ from RRIF rules and may include maximum withdrawal limits that are not modelled here.

Educational information only. This tool is not financial, tax, legal, accounting, investment, retirement, estate, or cross-border planning advice.