RRIF minimum withdrawal calculator

Enter your age and January 1 RRIF balance to estimate the prescribed minimum withdrawal.

IndependentFreeNo sign-upSources: Canada Revenue Agency

Age at the start of the year

RRIF value on January 1

Estimated annual minimum

$14,550.00

Factor: 5.82%

Which age should you use?

Financial institutions generally calculate the annual minimum using your age—or an elected younger spouse’s age—at the beginning of the year and the RRIF’s fair market value on January 1. Confirm elections and payment timing with your institution.

This calculator is for educational purposes only and is not financial, tax, or legal advice. Pensora is independent and not affiliated with the SSA, the IRS, or any government agency. For decisions about your own situation, consider a licensed financial advisor.