Retirement Withdrawal Calculator

Convert RRSP to RRIF by age 71. RRIF minimums by age: 71 = 5.28%, 75 = 5.82%, 80 = 6.82%, 85 = 8.51%, 90 = 11.92%, 95+ = 20%. These are minimums — you can withdraw more. Strategic planning: draw down RRSP earlier (before 71) in low-income years to reduce forced RRIF withdrawals later.

SECURE 2.0 Act raised the Required Minimum Distribution age to 73 (born 1951–1959) or 75 (born 1960+). Failure to take RMDs triggers a 25% excise tax. RMD amount = account balance ÷ IRS life expectancy factor. Traditional IRAs and most 401(k)s are subject to RMDs; Roth IRAs are not.

Getting poor returns early in retirement can be catastrophic. If markets drop 40% in year 1 and you're withdrawing 4%, your portfolio shrinks so much it may never recover. Mitigation: keep 1–2 years of cash, reduce withdrawals in down years, or maintain part-time income flexibility in early retirement.