RRIF
Withdrawal Rules
This table outlines the minimum withdrawals on RRIFs that are established after 1992,
as set by the government.
Age |
Minimum Withdrawal |
69 |
4.76% |
70 |
5.00% |
71 |
7.38% |
72 |
7.48% |
73 |
7.59% |
74 |
7.71% |
75 |
7.85% |
76 |
7.99% |
77 |
8.15% |
78 |
8.33% |
79 |
8.53% |
80 |
8.75% |
81 |
8.99% |
82 |
9.27% |
83 |
9.58% |
84 |
9.93% |
85 |
10.33% |
86 |
10.79% |
87 |
11.33% |
88 |
11.96% |
89 |
12.71% |
90 |
13.62% |
91 |
14.73% |
92 |
16.12% |
93 |
17.92% |
94 |
20.00% |
Before age 69, the minimum
percentage payout is calculated as follows:
1 divided by ( 90 minus
your current age )
So if your age is 65 for
example, your minimum withdrawal would be 1/(90-65)=4% If you had $100,000 in your RRIF
you would be required to withdraw at least $4,000 annually.
For those age 94 or older
the minimum withdrawal is 20% annually and continues until the assets in the RRIF are
fully depleted.
