RRIF Withdrawal Calculator
Minimum withdrawals, balance and withholding tax
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Your 2026 RRIF minimum withdrawal
$21,600
Factor at age 72
5.40%
Per month
$1,800
Withdrawn over 24 years
$623,855
$400,000 times the prescribed factor of 0.0540 for age 72. You can take more than the minimum, but not less. No tax is withheld on the minimum itself.
Withdrawn in 2026
$21,600
$21,600 minimum + $0 extra
Tax withheld on the extra
$0
Nothing is withheld on the minimum
RRIF at the end of age 95
$115,194
With a 5.0% yearly return
RRIF minimum withdrawal schedule
| Year | Age | January 1 value | Factor | Minimum | Total withdrawn | Year-end balance |
|---|---|---|---|---|---|---|
| 2026 | 72 | $400,000 | 5.40% | $21,600 | $21,600 | $397,320 |
| 2027 | 73 | $397,320 | 5.53% | $21,972 | $21,972 | $394,116 |
| 2028 | 74 | $394,116 | 5.67% | $22,346 | $22,346 | $390,358 |
| 2029 | 75 | $390,358 | 5.82% | $22,719 | $22,719 | $386,021 |
| 2030 | 76 | $386,021 | 5.98% | $23,084 | $23,084 | $381,084 |
| 2031 | 77 | $381,084 | 6.17% | $23,513 | $23,513 | $375,449 |
| 2032 | 78 | $375,449 | 6.36% | $23,879 | $23,879 | $369,149 |
| 2033 | 79 | $369,149 | 6.58% | $24,290 | $24,290 | $362,102 |
| 2034 | 80 | $362,102 | 6.82% | $24,695 | $24,695 | $354,277 |
| 2035 | 81 | $354,277 | 7.08% | $25,083 | $25,083 | $345,654 |
| 2036 | 82 | $345,654 | 7.38% | $25,509 | $25,509 | $336,152 |
| 2037 | 83 | $336,152 | 7.71% | $25,917 | $25,917 | $325,746 |
| 2038 | 84 | $325,746 | 8.08% | $26,320 | $26,320 | $314,397 |
| 2039 | 85 | $314,397 | 8.51% | $26,755 | $26,755 | $302,024 |
| 2040 | 86 | $302,024 | 8.99% | $27,152 | $27,152 | $288,616 |
| 2041 | 87 | $288,616 | 9.55% | $27,563 | $27,563 | $274,106 |
| 2042 | 88 | $274,106 | 10.21% | $27,986 | $27,986 | $258,426 |
| 2043 | 89 | $258,426 | 10.99% | $28,401 | $28,401 | $241,526 |
| 2044 | 90 | $241,526 | 11.92% | $28,790 | $28,790 | $223,373 |
| 2045 | 91 | $223,373 | 13.06% | $29,172 | $29,172 | $203,910 |
| 2046 | 92 | $203,910 | 14.49% | $29,547 | $29,547 | $183,082 |
| 2047 | 93 | $183,082 | 16.34% | $29,916 | $29,916 | $160,825 |
| 2048 | 94 | $160,825 | 18.79% | $30,219 | $30,219 | $137,136 |
| 2049 | 95 | $137,136 | 20.00% | $27,427 | $27,427 | $115,194 |
Withdrawals come out at the start of each year and the rest earns the return for the year, so the next minimum uses the new January 1 value. From 95 the factor stays at 20%.
RRSP withdrawal: tax withheld
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Withheld
$2,000
20%
You receive
$8,000
Before your final tax bill
The whole withdrawal is added to your income for the year; withholding is only a prepayment, and you may owe more or get some back when you file. A direct transfer to a RRIF or an annuity has no tax withheld.
By the Coast FIRE Calculator editorial team · Methodology · Official sources: CRA: Receiving income from a RRIF; CRA: Registered Retirement Income Fund (RRIF) · Sources checked September 28, 2026 · Corrections: hello@coastfirecalculator.io
How the RRIF minimum is calculated
Each year you have to take at least the minimum amount out of a RRIF. It is the fund's fair market value at the start of the year times a prescribed factor for your age in whole years at the start of that year. You can always take more, but not less.
- Under 71: the factor is 1 divided by (90 minus your age), so 4.00% at 65 and 5.00% at 70.
- 71 and older: the factor comes from the table in section 7308(4) of the Income Tax Regulations, from 5.28% at 71 up to 20% at 95 and every year after.
- First year: the minimum is nil for the year the RRIF is set up. Payments are required from the next year.
- Younger spouse: you can base the minimum on your spouse's or common-law partner's age instead, if you elect it before the first payment. The election cannot be changed.
For example, a RRIF worth $400,000 on January 1 for someone who is 72 then has a minimum of $400,000 times 0.0540, or $21,600. If the rest earns 5%, the fund starts the next year at $397,320 and the minimum at 73 is $21,972.
RRIFs set up before 1993 that have not taken in new property since 1992 use a slightly different table (section 7308(3)); from 72 on its factors are the same.
RRIF minimum withdrawal table
| Age on January 1 | Prescribed factor | Minimum per $100,000 |
|---|---|---|
| 55 | 2.86% | $2,857 |
| 56 | 2.94% | $2,941 |
| 57 | 3.03% | $3,030 |
| 58 | 3.13% | $3,125 |
| 59 | 3.23% | $3,226 |
| 60 | 3.33% | $3,333 |
| 61 | 3.45% | $3,448 |
| 62 | 3.57% | $3,571 |
| 63 | 3.70% | $3,704 |
| 64 | 3.85% | $3,846 |
| 65 | 4.00% | $4,000 |
| 66 | 4.17% | $4,167 |
| 67 | 4.35% | $4,348 |
| 68 | 4.55% | $4,545 |
| 69 | 4.76% | $4,762 |
| 70 | 5.00% | $5,000 |
| 71 | 5.28% | $5,280 |
| 72 | 5.40% | $5,400 |
| 73 | 5.53% | $5,530 |
| 74 | 5.67% | $5,670 |
| 75 | 5.82% | $5,820 |
| 76 | 5.98% | $5,980 |
| 77 | 6.17% | $6,170 |
| 78 | 6.36% | $6,360 |
| 79 | 6.58% | $6,580 |
| 80 | 6.82% | $6,820 |
| 81 | 7.08% | $7,080 |
| 82 | 7.38% | $7,380 |
| 83 | 7.71% | $7,710 |
| 84 | 8.08% | $8,080 |
| 85 | 8.51% | $8,510 |
| 86 | 8.99% | $8,990 |
| 87 | 9.55% | $9,550 |
| 88 | 10.21% | $10,210 |
| 89 | 10.99% | $10,990 |
| 90 | 11.92% | $11,920 |
| 91 | 13.06% | $13,060 |
| 92 | 14.49% | $14,490 |
| 93 | 16.34% | $16,340 |
| 94 | 18.79% | $18,790 |
| 95 or older | 20.00% | $20,000 |
From section 7308(4) of the Income Tax Regulations (current to September 3, 2026), checked September 28, 2026. Factors under 71 are 1/(90 - age), rounded here to two decimals; the table factors are exact.
Tax withheld on RRSP and RRIF withdrawals
| Lump sums in the year | Outside Quebec | Quebec: federal | Quebec: provincial |
|---|---|---|---|
| Up to $5,000 | 10% | 5% | 14% |
| $5,000.01 to $15,000 | 20% | 10% | 14% |
| Over $15,000 | 30% | 15% | 14% |
These rates apply to RRSP withdrawals and to RRIF payments above the minimum, and the rate is set by the total of such lump sums you take in the calendar year. Outside Quebec they are combined federal and provincial or territorial rates. In Quebec, CRA withholds only the federal part and Revenu Quebec's 14% applies to a single payment; for regular periodic RRIF payments above the minimum, Quebec uses its usual source-deduction method instead, which the calculator does not model. From CRA and Revenu Quebec, checked September 28, 2026.
No tax is withheld on the RRIF minimum, or on money moved directly from an RRSP to a RRIF or to buy an annuity. For non-residents of Canada, withholding is 25% unless a tax treaty reduces it. Withholding is not the final tax: the full withdrawal is income for the year and is taxed at your rates when you file.
From RRSP to RRIF
By December 31 of the year you turn 71 your RRSP has to be withdrawn, transferred to a RRIF, or used to buy an annuity. A RRIF can also be set up before then; under 71 the factor is 1/(90 - age). Earnings stay tax-free inside the RRIF and payments are taxed when you receive them; if you were 65 or older on December 31, RRIF income qualifies for the pension income amount.
Because the factor rises every year, the minimum takes a growing share of the fund through your 70s and 80s. RRIF payments are part of your income, and the OAS recovery tax is charged on net world income above a threshold, so large withdrawals can reduce your OAS. To see how much you can put into your RRSP before then, use the RRSP calculator.
Sources
- Income Tax Regulations, section 7308 (prescribed factors)
- Income Tax Act, section 146.3 (definition of minimum amount)
- CRA: Receiving income from a RRIF
- CRA: Registered Retirement Income Fund (RRIF)
- CRA Guide T4040 (Chart 5, amounts from your RRSP or RRIF)
- CRA: Tax rates on withdrawals (RRSP)
- CRA Guide RC4157 (lump-sum withholding rates)
- Income Tax Regulations, section 103 (lump-sum payments include RRIF amounts above the minimum)
- Revenu Quebec: Payments from an RRSP, a VRSP, a PRPP or a RRIF
- CRA: Options for your own RRSPs (the year you turn 71)