Know your RRIF Withdrawal in Two Steps

Quickly estimate the minimum monthly and annual income withdrawal you could receive from your RRIF after you have converted your RRSP. To begin, answer the following questions.

Plan Type:
Close A Registered Retirement Savings Plan (RRSP) is a personal savings plan registered with the Canadian federal government allowing you to save for the future on a tax-sheltered basis.
Close While you can draw income from your RRSP at any age, you must convert it no later than December 31 of the year you turn 71 to a Registered Retirement Income Fund. Withdrawals from your RRIF are taxable.

Value of My : value goes here
RRIF Withdrawal Estimate at Age: age goes here age goes here
You can enter your spouse's age instead to base your minimum withdrawals on his or her age. If your spouse is younger than you, this would let you take a lower minimum withdrawal.

Monthly Withdrawal 1

Annual Withdrawal 1

Have Questions About Your Retirement Income?

From minimum and maximum withdrawals to making sure your funds last for your lifetime, estimating your retirement income from a RRIF or other Locked-in plans can be complex. Talk to an RBC Financial Planner about securing your income in retirement.

1) The Retirement Cash Flow Calculator is for general informational purposes only and the results produced by the this calculator depend on the accuracy and completeness of the information you have entered. The content generated by this tool does not constitute investment advice. You should speak with your professional accountant or other professional advisors before making a final decision to ensure any strategy meets your overall financial needs and that your personal circumstances have been taken into account.

RBC and Royal Mutual Funds Inc. (RMFI) use reasonable efforts to include accurate and up-to-date information in this tool, but cannot guarantee that all information is accurate or complete or current at all times. RBC and RMFI do not make any express or implied warranties or representations with respect to any information or results in connection with the Retirement Cash Flow Calculator. RBC and RMFI will not be liable for any losses or damages arising from any errors or omissions in any information or results, or any action or decision made by you in reliance on any information or results.

RBC Financial Planning is a business name used by RMFI. Financial planning services and investment advice are provided by RMFI. RMFI, RBC Global Asset Management Inc., Royal Bank of Canada, Royal Trust Corporation of Canada and The Royal Trust Company are separate corporate entities which are affiliated. RMFI is licensed as a financial services firm in the province of Quebec.

Financial Planner Locator

We can come to you — home, office or café.

Advanced Search

Financial Planner Locator

Financial Palanner Agent Image

Based on your location, is a Financial Planner near you.

Let's have coffee:

I can come to you — home, office or the nearest RBC Royal Bank Branch.

Contact Me

Advanced Search