RRIF payment calculator

Our Retirement Income Fund Calculator can give you an idea of how long funds in a Registered Retirement Income Fund (RRIF) will last, and provides withdrawal minimums and payment options based on the length of the investment.

Please consult with one of our wealth management professionals to review your investment objectives and make recommendations that fit your needs.

      Age at last RRIF payment:
      Total interest:
      Total amount of interest earned during the length of the RRIF.
      Total of RRIF payments:
      Total amount of all RRIF payments during the length of the RRIF.


      This Retirement Income Fund Calculator assumes the following:

      1. Your RRIF started after 1992.
      2. RRIF withdrawals occur at the end of the year.
      3. Interest is compounded annually.
      4. RRIF balance refers to the amount you will have in your RRIF when you begin withdrawals. If you have not already converted your RRSP to a RRIF, be sure to include any future RRSP contributions you plan to make in this balance.
      5. The information and data contained in the above calculations are not intended to be a definitive analysis nor to represent actual minimum withdrawals or payments made from an RRIF over any given time period. Actual withdrawal minimums, payments and investment periods will vary over time, depending on changing circumstances, actual rates of return, and other factors.

      Vancity does not make any express or implied warranties or representations with respect to any information or results in connection with this calculator. Vancity 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.

      This calculator is made available to you as a tool for independent use and is not intended to provide investment advice. Actual results may vary, possibly substantially. We cannot and do not guarantee its applicability or accuracy. All examples are hypothetical and are for illustrative purposes only. The funds in a RRIF are tax-deferred. Amounts paid out of a RRIF are taxable on receipt. Each year, there must be a minimum withdrawal, which depends on the age of the RRIF holder and the total balance of the account.