RRIF Calculator
A Registered Retirement Income Fund (RRIF) is the natural successor to your RRSP. You must convert your RRSP to a RRIF by December 31 of the year you turn 71. Unlike an RRSP, you cannot make new contributions — instead, you must withdraw a minimum amount each year based on your age (or your spouse's age if younger). All withdrawals are fully taxable as income.
How RRIF Works
Conversion: Your RRSP is converted to a RRIF by the end of the year you turn 71. You can convert earlier with no penalty. Minimum Withdrawals: The government mandates a minimum annual withdrawal percentage based on age. Rates start at 3.33% at age 55 and increase to 20% at age 95+. If you have a younger spouse, you can use their age to calculate lower minimum withdrawals. Taxation: Every dollar withdrawn is fully taxable as income. Withholding tax applies to amounts above the minimum (10% on $0-$5,000, 20% on $5,001-$15,000, 30% on over $15,000). At age 65+, you can split up to 50% of RRIF income with your spouse for tax purposes, and claim the $2,000 pension income tax credit. OAS Impact: High RRIF withdrawals may trigger OAS clawback if net income exceeds approximately $90,000.
Canada RRIF Calculator 2026 — Minimum Withdrawals & Tax
Free Canadian RRIF calculator. Calculate minimum annual withdrawals, tax implications, and projected balance over retirement for your Registered Retirement Income Fund.
RRIF Balance Over Time
Annual Withdrawals Over Time
RRIF Rules & Tax Strategy
- Minimum withdrawal rates increase with age, from 3.33% at 55 to 20% at 95+.
- If you have a younger spouse, using their age can significantly reduce required minimum withdrawals.
- All withdrawals are fully taxable as income. Additional withdrawals above the minimum may trigger withholding tax (10-30%).
- If 65+, you can split up to 50% of RRIF income with your spouse and claim the $2,000 pension income tax credit (federal 15% + provincial).
- High RRIF withdrawals may trigger OAS clawback if net income exceeds ~$90K. Consider spreading withdrawals across multiple tax years.
Year-by-Year Projection
| Age | Balance Start | Return | Rate | Min. W/D | Addl. W/D | Total W/D | Tax | After-Tax | Ending Balance |
|---|---|---|---|---|---|---|---|---|---|
| 65 ← now | $500,000 | $20,000 | 4.17% | $20,850 | - | $20,850 | $5,213 | $15,638 | $499,150 |
| 66 | $499,150 | $19,966 | 4.17% | $20,815 | - | $20,815 | $5,204 | $15,611 | $498,301 |
| 67 | $498,301 | $19,932 | 4.17% | $20,779 | - | $20,779 | $5,195 | $15,584 | $497,454 |
| 68 | $497,454 | $19,898 | 4.17% | $20,744 | - | $20,744 | $5,186 | $15,558 | $496,609 |
| 69 | $496,609 | $19,864 | 4.17% | $20,709 | - | $20,709 | $5,177 | $15,531 | $495,764 |
| 70 | $495,764 | $19,831 | 4.17% | $20,673 | - | $20,673 | $5,168 | $15,505 | $494,922 |
| 71 | $494,922 | $19,797 | 5.28% | $26,132 | - | $26,132 | $6,533 | $19,599 | $488,587 |
| 72 | $488,587 | $19,543 | 5.40% | $26,384 | - | $26,384 | $6,596 | $19,788 | $481,746 |
| 73 | $481,746 | $19,270 | 5.53% | $26,641 | - | $26,641 | $6,660 | $19,980 | $474,376 |
| 74 | $474,376 | $18,975 | 5.67% | $26,897 | - | $26,897 | $6,724 | $20,173 | $466,454 |
| 75 | $466,454 | $18,658 | 5.82% | $27,148 | - | $27,148 | $6,787 | $20,361 | $457,964 |
| 76 | $457,964 | $18,319 | 5.98% | $27,386 | - | $27,386 | $6,847 | $20,540 | $448,896 |
| 77 | $448,896 | $17,956 | 6.17% | $27,697 | - | $27,697 | $6,924 | $20,773 | $439,155 |
| 78 | $439,155 | $17,566 | 6.36% | $27,930 | - | $27,930 | $6,983 | $20,948 | $428,791 |
| 79 | $428,791 | $17,152 | 6.58% | $28,214 | - | $28,214 | $7,054 | $21,161 | $417,729 |
| 80 | $417,729 | $16,709 | 6.82% | $28,489 | - | $28,489 | $7,122 | $21,367 | $405,949 |
| 81 | $405,949 | $16,238 | 7.08% | $28,741 | - | $28,741 | $7,185 | $21,556 | $393,445 |
| 82 | $393,445 | $15,738 | 7.38% | $29,036 | - | $29,036 | $7,259 | $21,777 | $380,147 |
| 83 | $380,147 | $15,206 | 7.71% | $29,309 | - | $29,309 | $7,327 | $21,982 | $366,043 |
| 84 | $366,043 | $14,642 | 8.08% | $29,576 | - | $29,576 | $7,394 | $22,182 | $351,109 |
| 85 | $351,109 | $14,044 | 8.51% | $29,879 | - | $29,879 | $7,470 | $22,410 | $335,274 |
| 86 | $335,274 | $13,411 | 8.99% | $30,141 | - | $30,141 | $7,535 | $22,606 | $318,544 |
| 87 | $318,544 | $12,742 | 9.55% | $30,421 | - | $30,421 | $7,605 | $22,816 | $300,865 |
| 88 | $300,865 | $12,035 | 10.21% | $30,718 | - | $30,718 | $7,680 | $23,039 | $282,181 |
| 89 | $282,181 | $11,287 | 10.99% | $31,012 | - | $31,012 | $7,753 | $23,259 | $262,456 |
| 90 | $262,456 | $10,498 | 11.92% | $31,285 | - | $31,285 | $7,821 | $23,464 | $241,670 |
| 91 | $241,670 | $9,667 | 13.06% | $31,562 | - | $31,562 | $7,891 | $23,672 | $219,775 |
| 92 | $219,775 | $8,791 | 14.49% | $31,845 | - | $31,845 | $7,961 | $23,884 | $196,720 |
| 93 | $196,720 | $7,869 | 16.34% | $32,144 | - | $32,144 | $8,036 | $24,108 | $172,445 |
| 94 | $172,445 | $6,898 | 18.79% | $32,402 | - | $32,402 | $8,101 | $24,302 | $146,940 |
| 95 | $146,940 | $5,878 | 20.00% | $29,388 | - | $29,388 | $7,347 | $22,041 | $123,430 |