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Retirement Income Options

Annual Minimum Payment Schedule

The federal government requires that holders of retirement income funds withdraw a minimum amount of retirement income from their RIFs each year, according to the following schedule:

Your age — or your spouse's
(the choice is yours)1
Annual minimum
withdrawal %2
552.86
562.94
573.03
583.13
593.23
603.33
613.45
623.57
633.70
643.85
654.00
664.17
674.35
684.55
694.76
705.00
717.38
727.48
737.59
747.71
757.85
767.99
778.15
788.33
798.53
808.75
818.99
829.27
839.58
849.93
8510.33
8610.79
8711.33
8811.96
8912.71
9013.62
9114.73
9216.12
9317.92
94+20.00


AMP =(value of RIF at
beginning of the year)
X1
(90 - planholder's or
spouse's age)