RRIF Payment
Calculate your RRIF payment and how long your RRIF will last.
RRIF value (maximum value $5,000,000)
Start RRIF at age
End RRIF at age
Rate of return (maximum value 16%)
|
200,000
|
|
71
Start RRIF at age
You can start making withdrawals from a RRIF at any age but this calculator assumes age 50 is the earliest you can start. You must start making withdrawals by age 71. |
|
90
|
|
Use spouse's age
If your spouse is younger than you, you can use their age to calculate your minimum amount. If you plan on starting your RRIF at age 71, enter the age that your spouse will be when you are age 71 in the field below. |
|
6.00%
Input Error: Rate of return
Enter a value between 0 and 16%. |
|
Start payments in
You can start withdrawals in the first or second year of your RRIF. You can skip the first year withdrawal to allow more of your RRIF to grow in value. The latest you are allowed to take your first payment is December 31 of the year you turn 72. |
|
|
RRIF Payment Schedule
The value of your RRIF at age 90 is projected to be $141,751.
The value of your RRIF at age 90 is projected to be $141,751.
| Age | Value at Start of year | Annual Payment | Withdrawal Percent | Value at End of Year |
|---|---|---|---|---|
| 71 | $200,000 | $0 | 0.00% | $212,000 |
| 72 | $212,000 | $11,448 | 5.40% | $212,585 |
| 73 | $212,585 | $11,756 | 5.53% | $212,879 |
| 74 | $212,879 | $12,070 | 5.67% | $212,858 |
| 75 | $212,858 | $12,388 | 5.82% | $212,498 |
| 76 | $212,498 | $12,707 | 5.98% | $211,778 |
| 77 | $211,778 | $13,067 | 6.17% | $210,634 |
| 78 | $210,634 | $13,396 | 6.36% | $209,072 |
| 79 | $209,072 | $13,757 | 6.58% | $207,034 |
| 80 | $207,034 | $14,120 | 6.82% | $204,489 |
| 81 | $204,489 | $14,478 | 7.08% | $201,412 |
| 82 | $201,412 | $14,864 | 7.38% | $197,741 |
| 83 | $197,741 | $15,246 | 7.71% | $193,445 |
| 84 | $193,445 | $15,630 | 8.08% | $188,484 |
| 85 | $188,484 | $16,040 | 8.51% | $182,791 |
| 86 | $182,791 | $16,433 | 8.99% | $176,339 |
| 87 | $176,339 | $16,840 | 9.55% | $169,069 |
| 88 | $169,069 | $17,262 | 10.21% | $160,915 |
| 89 | $160,915 | $17,685 | 10.99% | $151,824 |
| 90 | $151,824 | $18,097 | 11.92% | $141,751 |
Assumptions
Annual RRIF payments are made at the start of the year. Annual payments are before taxes.
Disclaimer
This calculator is for educational purposes only. All charts and illustrations are for illustrative purposes only and are not intended to illustrate the performance of any security or portfolio. You should not rely on the results as an indication of your financial needs and we recommend that you seek your own financial, investment, tax, legal or accounting advice nor shall the information herein be considered as investment advice or as a recommendation to enter into any transaction. Professional advice should be obtained prior to acting on the basis of this information. The deduction of advisory fees, brokerage or other commissions and any other expenses that would have been paid may not be reflected in the calculation results. Commissions, trailing commissions, management fees and expenses all may be associated with mutual fund investments. Please read the prospectus and/or Fund Facts before investing. Mutual funds are not guaranteed, their values change frequently and past performance may not be repeated. ©Copyright 2024 Ativa Interactive Corp. All rights reserved. Powered by Ativa.com.
Annual RRIF payments are made at the start of the year. Annual payments are before taxes.
Disclaimer
This calculator is for educational purposes only. All charts and illustrations are for illustrative purposes only and are not intended to illustrate the performance of any security or portfolio. You should not rely on the results as an indication of your financial needs and we recommend that you seek your own financial, investment, tax, legal or accounting advice nor shall the information herein be considered as investment advice or as a recommendation to enter into any transaction. Professional advice should be obtained prior to acting on the basis of this information. The deduction of advisory fees, brokerage or other commissions and any other expenses that would have been paid may not be reflected in the calculation results. Commissions, trailing commissions, management fees and expenses all may be associated with mutual fund investments. Please read the prospectus and/or Fund Facts before investing. Mutual funds are not guaranteed, their values change frequently and past performance may not be repeated. ©Copyright 2024 Ativa Interactive Corp. All rights reserved. Powered by Ativa.com.
