RRIF Minimum Withdrawal Calculator
Your RRSP must convert to a RRIF by age 71, after which you must withdraw a government-set minimum every year — starting at 5.28% at 71 and rising to 20% by 95. This free calculator applies the exact CRA schedule and estimates the tax on each withdrawal.
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RRIF minimum withdrawal rate table
The RRIF minimum is a percentage of your January-1 balance, set by age. Retirely applies this schedule automatically in every scenario:
| Age (Jan 1) | Minimum withdrawal |
|---|---|
| 71 | 5.28% |
| 72 | 5.40% |
| 73 | 5.53% |
| 74 | 5.67% |
| 75 | 5.82% |
| 76 | 5.98% |
| 77 | 6.17% |
| 78 | 6.36% |
| 79 | 6.58% |
| 80 | 6.82% |
| 81 | 7.08% |
| 82 | 7.38% |
| 83 | 7.71% |
| 84 | 8.08% |
| 85 | 8.51% |
| 86 | 8.99% |
| 87 | 9.55% |
| 88 | 10.21% |
| 89 | 10.99% |
| 90 | 11.92% |
| 91 | 13.06% |
| 92 | 14.49% |
| 93 | 16.34% |
| 94 | 18.79% |
| 95 | 20.00% |
How RRIF minimums affect your tax
Every RRIF withdrawal is fully taxable as income, and mandatory minimums can push you into a higher bracket or past the $90,997 OAS clawback threshold. Retirely models this so you can plan withdrawals — or early RRSP meltdowns — to smooth the tax hit.
Frequently asked questions
What is the RRIF minimum withdrawal at 71?
The RRIF minimum at age 71 is 5.28% of the account balance on January 1. On a $500,000 RRIF that is about $26,400 for the year, fully taxable.
How do I calculate my RRIF minimum withdrawal?
Multiply your RRIF balance on January 1 by the CRA minimum factor for your age (for example 5.28% at 71). Retirely does this automatically for every year and shows the resulting tax.
Can I withdraw more than the RRIF minimum?
Yes. The minimum is a floor, not a cap — you can withdraw more, though amounts above the minimum may have withholding tax deducted at source.