USRRIF minimum payment schedule
The table below shows the RRIF minimum withdrawal percentages for different ages.
-
Ages 55 – 59
-
Ages 60 – 69
-
Ages 70 – 79
-
Ages 80 – 89
-
Ages 90 – 99
Payment Schedule - Age Range 55 to 59
|
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
|
1 For customers under 71 years of age, Annual Minimum Payment for non-qualifying RIF is calculated as follows:
AMP = (value of RIF at beginning of the year) X 1 / (90 - planholder's or spouse's age)
2 Minimum withdrawal percentages are subject to change.
Payment Schedule - Age Range 60 to 69
|
Your age - or your spouse's (the choice is yours)1
|
Annual minimum withdrawal %2
|
|---|---|
|
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
|
1 For customers under 71 years of age, Annual Minimum Payment for non-qualifying RIF is calculated as follows:
AMP = (value of RIF at beginning of the year) X 1 / (90 - planholder's or spouse's age)
2 Minimum withdrawal percentages are subject to change.
Payment Schedule - Age Range 70 to 79
|
Your age - or your spouse's (the choice is yours)1
|
Annual minimum withdrawal %2
|
|---|---|
|
70
|
5.00
|
|
71
|
5.28
|
|
72
|
5.40
|
|
73
|
5.53
|
|
74
|
5.67
|
|
75
|
5.82
|
|
76
|
5.98
|
|
77
|
6.17
|
|
78
|
6.36
|
|
79
|
6.58
|
1 For customers under 71 years of age, Annual Minimum Payment for non-qualifying RIF is calculated as follows:
AMP = (value of RIF at beginning of the year) X 1 / (90 - planholder's or spouse's age)
2 Minimum withdrawal percentages are subject to change.
Payment Schedule - Age Range 80 to 89
|
Your age - or your spouse's (the choice is yours)1
|
Annual minimum withdrawal %2
|
|---|---|
|
80
|
6.82
|
|
81
|
7.08
|
|
82
|
7.38
|
|
83
|
7.71
|
|
84
|
8.08
|
|
85
|
8.51
|
|
86
|
8.99
|
|
87
|
9.55
|
|
88
|
10.21
|
|
89
|
10.99
|
1 For customers under 71 years of age, Annual Minimum Payment for non-qualifying RIF is calculated as follows:
AMP = (value of RIF at beginning of the year) X 1 / (90 - planholder's or spouse's age)
2 Minimum withdrawal percentages are subject to change.
Payment Schedule - Age Range 90 to 95+
|
Your age - or your spouse's (the choice is yours)1
|
Annual minimum withdrawal %2
|
|---|---|
|
90
|
11.92
|
|
91
|
13.06
|
|
92
|
14.49
|
|
93
|
16.34
|
|
94
|
18.79
|
|
95+
|
20
|
1 For customers under 71 years of age, Annual Minimum Payment for non-qualifying RIF is calculated as follows:
AMP = (value of RIF at beginning of the year) X 1 / (90 - planholder's or spouse's age)
2 Minimum withdrawal percentages are subject to change.
Retirement Savings Calculator
Articles and tips to help you get started
-
What are Retirement Income Options?
Learn about the different ways you can generate an income during your retirement.
-
How to save for retirement
Find out how TD can help you meet your retirement goals and why the sooner you start saving, the more likely you are to reach your savings goals.
-
Automating saving and investing
Getting started with pre-authorized transfers is easy. Learn how to automatically transfer funds to your savings account on a schedule that works best for you.
Ready to Invest? We can help!
Book an appointment
Meet with a TD Financial Advisor virtually, or in person at a branch near you.
Give us a call
Our Financial Advisors are ready to answer your questions and help you get started.
1-800-465-5463 1-800-465-5463
Locate a branch
Use our branch locator tool to find a branch near you.