Registered Accounts

RRIF Calculator

Minimum withdrawal schedule and balance projection.

Your RRIF

RRIF Balance

Current Age

years

RRSPs must convert to a RRIF by the end of the year you turn 71.

Province

Expected Annual Return

Withdrawal plan

Strategy

Tax picture

Other taxable income

$/yr

CPP, a workplace pension, etc. Sets the bracket your withdrawal stacks on.

Annual OAS (at 65-74)

$/yr

Drives the OAS clawback above $95,323 of income. Default is full OAS.

Base the minimum on a younger spouse's age

Inflation

Used for the today's-dollars view.

RRIF withdrawals are taxable income. The minimum has no withholding tax; amounts above it are withheld at 10/20/30% (less in Quebec, plus a provincial rate), but that is a prepayment credited when you file, not your final tax. Tax and the OAS clawback use 2026 CRA rules.

Your plan

Today's dollars

Year 1 withdrawal

$26,400

5.28% minimum

You keep, after tax

$21,371

True marginal rate

19.05%

no clawback

Balance at 100

$71,984

This year, on a $26,400 withdrawal

Gross withdrawal: $26,400
Income tax: − $5,029
What you keep: $21,371

RRIF balance
Total after-tax income

The green line is your total after-tax income from all sources each year (this RRIF plus OAS and any other income you entered). The tiles above break down this year's RRIF withdrawal on its own.

Want CPP, OAS timing and your whole portfolio together? Use the Retirement Calculator, or test a drawdown against every market since 1956 in Retirement Replay.

Compare real rates from Canadian credit unions

Many credit unions offer better rates than what you're calculating with. See the current leaders.

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