InvestingRIF-Retirement Income Options › Annual Minimum Payment Schedule

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
55 2.86
56 2.94
57 3.03
58 3.13
59 3.23
60 3.33
61 3.45
62 3.57
63 3.70
64 3.85
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
Your age — or your spouse's (the choice is yours)1 Annual minimum withdrawal %2
75 7.85
76 7.99
77 8.15
78 8.33
79 8.53
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
1For customers under 71 years of age, Annual Minimum Payment for non-qualifying RIF is calculated as follows: