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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 |
| 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 |
| 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 |
| AMP = |
(value of RIF at
beginning of the year) |
X |
1
(90 - planholder's or
spouse's age) |
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