Your estimated minimum withdrawal
Minimum amount = RRIF value at January 1 × the prescribed factor for the age at January 1. At age 70 or younger the factor is 1 ÷ (90 − age). From age 71 it comes from the CRA chart.
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RRIF Minimum Withdrawal Calculator
Enter the value of your registered retirement income fund (RRIF) at the start of the year and the age used for the calculation, and see the minimum amount for the year from the Canada Revenue Agency prescribed factor for that age. This is an estimate only — plain arithmetic using the published factor. It is not financial advice.
Written November 13, 2026
The fair market value of the property held in the RRIF at the start of the year. The minimum is worked out on this value, not on the balance later in the year.
The age at the beginning of the year of the RRIF annuitant — or of the spouse or common-law partner, if that age was elected when the RRIF was set up. There is no minimum in the year the RRIF is set up; the first minimum applies the year after.
How the estimate works
The formula. The Canada Revenue Agency states that the carrier pays a minimum amount every year after the year the RRIF is set up, worked out by multiplying the fair market value of the property held in the RRIF at the start of the year by a prescribed factor. The factor depends on the age at the beginning of the year of the annuitant, or of the spouse or common-law partner if that age was elected when the RRIF was set up.
The factors. From the CRA Chart – Prescribed factors, "All other RRIFs" column: age 71 is 0.0528, 72 is 0.0540, 73 is 0.0553, 74 is 0.0567, 75 is 0.0582, 76 is 0.0598, 77 is 0.0617, 78 is 0.0636, 79 is 0.0658, 80 is 0.0682, 81 is 0.0708, 82 is 0.0738, 83 is 0.0771, 84 is 0.0808, 85 is 0.0851, 86 is 0.0899, 87 is 0.0955, 88 is 0.1021, 89 is 0.1099, 90 is 0.1192, 91 is 0.1306, 92 is 0.1449, 93 is 0.1634, 94 is 0.1879, and 95 or older is 0.2000. At age 70 or younger, the factor is 1 divided by (90 minus the age).
Sources: Canada Revenue Agency, Chart – Prescribed factors and Canada Revenue Agency, Minimum amount from a RRIF.
Next step: read the full step-by-step guide: Retiring in Canada Checklist: CPP, OAS, GIS, RRSP, TFSA, Will, and Power of Attorney