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Reference Library
Retirement Planning

RRIF Minimum Withdrawal

The table below shows the RRIF minimum payout percentagesfor different ages. As you can see, the annual percentage payouts gradually increase to age 94.

Age at Start of Year RRIFs set up after the end of 1992*
65 4.00%
66 4.17%
67 4.35%
68 4.55%
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%
Age at Start of Year RRIFs set up after the end of 1992*
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%

* Keep in mind that different rules apply for RRIFs that were set up before the end of 1992.

For example, if your RRIF is valued at $500,000 when you're 72, at the start of the year your minimum annual payout will be $37,400 (7.48% of the value of the plan at the beginning of the year).

The information contained herein is considered accurate at the time of posting. CIBC and CIBC World Markets Inc. reserve the right to change any of it without prior notice. It is for general information purposes only.


CIBC Wood Gundy is a division of CIBC World Markets Inc., a subsidiary of CIBC and a Member of the Canadian Investor Protection Fund and Investment Industry Regulatory Organization of Canada.