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2020 RRIF Withdrawal Rates
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2020 RRIF Minimum Withdrawal Rate Table
| Age (at start of year) |
Normal Factor (%) |
Reduced by 25% For 2020 |
|---|---|---|
| 55 | 2.86% | 2.145% |
| 56 | 2.94% | 2.205% |
| 57 | 3.03% | 2.2725% |
| 58 | 3.13% | 2.3475% |
| 59 | 3.23% | 2.4225% |
| 60 | 3.33% | 2.4975% |
| 61 | 3.45% | 2.5875% |
| 62 | 3.57% | 2.6775% |
| 63 | 3.70% | 2.775% |
| 64 | 3.85% | 2.8875% |
| 65 | 4.00% | 3.00% |
| 66 | 4.17% | 3.1275% |
| 67 | 4.35% | 3.2625% |
| 68 | 4.55% | 3.4125% |
| 69 | 4.76% | 3.57% |
| 70 | 5.00% | 3.75% |
| 71 | 5.28% | 3.96% |
| 72 | 5.40% | 4.05% |
| 73 | 5.53% | 4.1475% |
| 74 | 5.67% | 4.2525% |
| 75 | 5.82% | 4.365% |
| 76 | 5.98% | 4.485% |
| 77 | 6.17% | 4.6275% |
| 78 | 6.36% | 4.77% |
| 79 | 6.58% | 4.935% |
| 80 | 6.82% | 5.115% |
| 81 | 7.08% | 5.31% |
| 82 | 7.38% | 5.535% |
| 83 | 7.71% | 5.7825% |
| 84 | 8.08% | 6.06% |
| 85 | 8.51% | 6.3825% |
| 86 | 8.99% | 6.7425% |
| 87 | 9.55% | 7.1625% |
| 88 | 10.21% | 7.6575% |
| 89 | 10.99% | 8.2425% |
| 90 | 11.92% | 8.94% |
| 91 | 13.06% | 9.795% |
| 92 | 14.49% | 10.8675% |
| 93 | 16.34% | 12.255% |
| 94+ | 18.79% | 14.0925% |
| 95 & over | 20.00% | 15.00% |
What are the Minimum RRIF Withdrawal Rates?
Under the law, Canadians aged 71 must convert their RRSP into a RRIF or an annuity. Above are the minimum percentages Canadian seniors must draw down their RRIFs annually commencing no later than age of 71.