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Only numeric entries accepted.
Please enter a valid numeric value
The 'Expected Annual Rate of Return' data is invalid. Please enter a valid numeric value
The 'Opening Value' data is invalid. Please enter a valid numeric value
The 'Payment Per Period' data is invalid. Please enter a valid numeric value
The 'Withdrawal Per Period' data is invalid. Please enter a valid numeric value
The 'Your or your spouse's Year of Birth' data is invalid. Please enter a valid numeric value
Please enter a valid date.
Please select an 'Expected Annual Rate of Return' between 0 and 20%.
The To Age cannot be more than 100.
The 'Opening Value' data is invalid. Please try again.
The 'RRIF Start Date' data is invalid. Please try again.
The 'Expected Annual Rate of Return' data is invalid. Please try again.
The 'Withdrawal Per Period' data is invalid. Please try again.
The 'Payment Per Period' data is invalid. Please try again.
The 'Your or your spouse's Year of Birth' data is invalid. Please try again.
The 'Year of birth' must be 1967 or earlier.
The 'Year of birth' must be 1962 or earlier.
The 'Your or your spouse's Year of Birth' data is invalid. Please try again.
The 'To Age' data is invalid. Please try again.
Please enter a numeric value that is greater than zero.
The 'Opening Value' data is invalid. Please enter a numeric value that is greater than zero.
The 'Expected Annual Rate of Return' data is invalid. Please enter a numeric value that is greater than zero.
The 'Payment Per Period' data is invalid. Please enter a numeric value that is greater than zero.
The 'Withdrawal Per Period' data is invalid. Please enter a numeric value that is greater than zero.
The 'Deduct Withholding Tax' data is invalid. Please try again.
The 'Québec Resident' data is invalid. Please try again.
The 'Payment Type' data is invalid. Please try again.
The 'New plan or pre-existing account' data is invalid. Please try again.
The 'Age as of January' data is invalid. Please try again.
The 'Age as of January' data is invalid. Please enter a numeric value that is greater than zero.
The 'Age to Retire' data is invalid. Please try again.
The 'Age to Retire' data is invalid. Please enter a numeric value that is greater than zero.
This calculator is designed to help you understand what your retirement goal will look like, based on the assumptions you have input.
Investment Details
Help
Plan Type:
Opening Value:
RRIF Start Date (mm/dd/yyyy):
Expected Annual Rate of Return (%):
Payment Type:
Minimum Maximum Other Amount
Payment Per Period ($):
Withdrawal Per Period ($):
Payment Frequency:
Withdrawal Frequency:
Your or your spouse's
Year of Birth (YYYY):
Yours Your Spouse's
Age as of January:
Age to Retire:
Number of years to retirement:
Deduct Withholding Tax?
Yes No
Québec Resident?
Yes No
Pension Jurisdiction:
New or pre-existing account:
If you wish to return to RRSP Calculator, you will have to repopulate the fields.
Calculation Results
Table Graph
Help
Assumptions:
  • TFSA Plan Type can be used to illustrate withdrawals from a cash account.
  • No additional contributions are made into a TFSA or cash account.
  • Withdrawals from cash accounts do not take into account any capital gains, capital losses and individual taxes payable.
  • Assumes withdrawals start January 1st of the following year.
  • RRIF minimum withdrawal rates are based on the regulations of the federal Income Tax Act.
  • RRIF start date for new accounts is considered today with payments to start in the following year, for pre-existing accounts it is assumed to be January 1st of the current year.
  • RRIF factor is based on age as of December 31st of the previous year.
  • LIF minimum and maximum withdrawal rates are based on the regulations of the federal or provincial jurisdiction you select.
  • LIF start date for new accounts is considered today, for pre-existing accounts it is assumed to be January 1st of the current year.
  • LIF factor is based on age as of December 31st of the previous year.
  • If residing in PEI, NT, NU or YK, please select the LIF maximum withdrawal rates governed by Canadian federal legislation.
Cumulative RRIF Values:
Cumulative TFSA Values:
Cumulative LIF Values:
Years Active: 0
Opening Value: $0.00
Net Payout: $0.00
Taxes Withheld: $0.00
Balance Remaining: $0.00
Investment Income: $0.00
Years Active: 0
Opening Value: $0.00
Net Payout: $0.00
Taxes Withheld: $0.00
Balance Remaining: $0.00
Investment Income: $0.00
Years Active: 0
Opening Value: $0.00
Net Withdrawal: $0.00
Balance Remaining: $0.00
Investment Income: $0.00
Date
Payments
Year
RRIF Factor Age
Value($)
RRIF Minimum Factor(%)
Annual Amount($)
Withholding Tax($)
Net Per Period($)
0 0 $0.00 0% $0.00 $0.00 $0.00
Date
Payments
Year
LIF Factor Age
Value($)
LIF Minimum Factor(%)
LIF Maximum Factor(%)
Annual
Amount($)
Withholding
Tax($)
Net Per
Period($)
0 0 $0.00 0% $0.00 $0.00 $0.00 $0.00
Date
Payments
Year
Value($)
Return on Investment($)
Annual Amount($)
Net Per Period($)
0 $0.00 $0.00 $0.00 $0.00
Disclaimer

The information contained herein is based on certain assumptions and is for illustrative purposes only. While care is taken in the preparation of this document, no guarantee is made as to the accuracy of applicability in any particular case. These calculators are provided for general illustrative purposes only. All examples are hypothetical. They are provided only as educational tools and do not constitute investment advice. To take into account your specific circumstances, you should obtain professional investment/legal and/or tax advice, as appropriate.

This calculator can help you determine how much money you can receive from a Registered Retirement Income Fund (RRIF) and how long that income will last.

This calculator can help you determine how much money you can receive from a Life Income Fund (LIF) and how long that income will last.

The age and value displayed should be considered as of December 31st of the previous year rather than January 1st of the current year.