Explore the possibilities

A clearer view of the numbers.

Plan your savings, retirement and protection.

Retirement planning

Account Drawdown

Estimate retirement withdrawals, taxes and the money left in each account, including eligible Ontario Life Income Funds (LIFs).

Update estimate Results

Account Drawdown inputs

Your inputs

Province or territory where you live on December 31

Age on January 1, 2026

years

Age when this plan ends

years

The plan covers retirement up to, but not including, this age.

Yearly spending money needed after tax

$ CAD

Use 2026 prices. This is the amount available to spend after estimated taxes.

Yearly investment return after fees

Yearly inflation rate

Spending, CPP and OAS rise by this percentage each year. Your other pension rises only if you choose Yes below.

Account balances

Tax-Free Savings Account (TFSA) balance

$ CAD

Non-registered investments: current value

$ CAD

Investments outside a TFSA, RRSP, RRIF or LIF.

Non-registered investments: adjusted cost base

$ CAD

Their total cost for tax purposes, including required adjustments. Enter dollars, not their current value or a percentage gain.

RRSP or RRIF balance

$ CAD

Your retirement account type at the start

Year your RRIF starts

year

The first year has no required minimum withdrawal. An RRSP must be converted by the end of the year you turn 71.

Income sources and start ages

Yearly CPP income before tax

$ CAD

Your Canada Pension Plan estimate for the selected start age, in 2026 dollars. The calculator adds inflation but does not adjust for starting CPP earlier or later.

CPP starts at age

years

Yearly OAS income before tax

$ CAD

Your Old Age Security estimate for the selected start age, in 2026 dollars, adjusted for Canadian residence and any delayed start. Any OAS repayment is estimated separately.

OAS starts at age

years

Other yearly pension income before tax

$ CAD

Use 2026 dollars. Choose below whether it increases with inflation.

Other pension starts at age

years

Other pension increases with inflation

Ontario Life Income Fund (LIF), if applicable

Which pension rules apply to your LIF?

This is based on the pension plan's rules, not where you live. Only an existing Ontario LIF is supported; new accounts and transfers are excluded.

Existing Ontario LIF balance

$ CAD

LIF investment gain or loss last year

$ CAD

Include gains and losses whether or not investments were sold. Enter a loss as a negative amount.

Is your birthday January 1?

The LIF maximum uses the age you turn during the year. The RRIF minimum uses your age at the start of the year.

Your inputs stay in your browser.

Estimated total left when the plan ends

$0Your spending needs first exceed the money available at age 84. Some accounts may still have money left.

Projected balance

Explore year by year2055 year-end · January 1 age 94

Hover, tap or use the arrow keys to explore.

Projected balance: $0
Spending covered after tax: $31,410
Tax, including OAS repayments: $4,107
Benefits and pension: $35,517
TFSA withdrawal: $0
Non-registered withdrawal: $0
RRSP / RRIF withdrawal: $0
LIF withdrawal: $0
Required RRIF withdrawal: $0
Required / maximum LIF withdrawal: $0 / $0
Spending not covered: $75,141

View yearly figures

Account Drawdown · amounts in Canadian dollars
Year	Balance
0	$800,000
1	$789,726
2	$778,024
3	$764,818
4	$750,026
5	$733,568
6	$717,288
7	$692,555
8	$665,752
9	$636,776
10	$605,519
11	$565,898
12	$519,045
13	$468,441
14	$413,707
15	$354,636
16	$291,012
17	$222,607
18	$149,175
19	$70,375
20	$0
21	$0
22	$0
23	$0
24	$0
25	$0
26	$0
27	$0
28	$0
29	$0
30	$0

Total estimated tax, including OAS repayments: $311,117
Total spending covered after tax: $1,739,802
Total spending not covered: $694,282
First age with all accounts empty: 84

After-tax amounts use a limited estimate based on 2026 tax rules. Age and pension tax credits, income splitting and several other credits are excluded, so the money you can actually spend may differ greatly. Future tax rules and LIF withdrawal factors are assumptions.

Yearly withdrawals and balances · amounts include assumed inflation
Year / age	Spending needed	Benefits & pension	TFSA withdrawal	Non-registered withdrawal	RRSP/RRIF withdrawal	LIF withdrawal	Tax	Spending not covered	TFSA year-end balance	Non-registered year-end balance	RRSP/RRIF year-end balance	LIF year-end balance
2026 / 65	$60,000	$20,000	$0	$42,274	$0	$0	$2,274	$0	$104,000	$165,726	$520,000	$0
2027 / 66	$61,200	$20,400	$0	$43,291	$0	$0	$2,491	$0	$108,160	$129,064	$540,800	$0
2028 / 67	$62,424	$20,808	$0	$44,328	$0	$0	$2,712	$0	$112,486	$89,899	$562,432	$0
2029 / 68	$63,672	$21,224	$0	$45,384	$0	$0	$2,935	$0	$116,986	$48,111	$584,929	$0
2030 / 69	$64,946	$21,649	$0	$46,459	$0	$0	$3,162	$0	$121,665	$3,576	$608,326	$0
2031 / 70	$66,245	$22,082	$41,903	$3,719	$0	$0	$1,459	$0	$84,629	$0	$632,660	$0
2032 / 71	$67,570	$22,523	$20,021	$0	$33,404	$0	$8,379	$0	$67,993	$0	$624,561	$0
2033 / 72	$68,921	$22,974	$20,778	$0	$33,726	$0	$8,557	$0	$49,935	$0	$615,818	$0
2034 / 73	$70,300	$23,433	$21,551	$0	$34,055	$0	$8,740	$0	$30,381	$0	$606,396	$0
2035 / 74	$71,706	$23,902	$22,345	$0	$34,383	$0	$8,924	$0	$9,251	$0	$596,269	$0
2036 / 75	$73,140	$24,380	$9,621	$0	$54,222	$0	$15,083	$0	$0	$0	$565,898	$0
2037 / 76	$74,602	$24,867	$0	$0	$69,489	$0	$19,754	$0	$0	$0	$519,045	$0
2038 / 77	$76,095	$25,365	$0	$0	$71,366	$0	$20,636	$0	$0	$0	$468,441	$0
2039 / 78	$77,616	$25,872	$0	$0	$73,471	$0	$21,727	$0	$0	$0	$413,707	$0
2040 / 79	$79,169	$26,390	$0	$0	$75,619	$0	$22,840	$0	$0	$0	$354,636	$0
2041 / 80	$80,752	$26,917	$0	$0	$77,810	$0	$23,975	$0	$0	$0	$291,012	$0
2042 / 81	$82,367	$27,456	$0	$0	$80,045	$0	$25,133	$0	$0	$0	$222,607	$0
2043 / 82	$84,014	$28,005	$0	$0	$82,337	$0	$26,327	$0	$0	$0	$149,175	$0
2044 / 83	$85,695	$28,565	$0	$0	$84,767	$0	$27,637	$0	$0	$0	$70,375	$0
2045 / 84	$87,409	$29,136	$0	$0	$73,190	$0	$22,973	$8,055	$0	$0	$0	$0
2046 / 85	$89,157	$29,719	$0	$0	$0	$0	$3,002	$62,440	$0	$0	$0	$0
2047 / 86	$90,940	$30,313	$0	$0	$0	$0	$3,115	$63,742	$0	$0	$0	$0
2048 / 87	$92,759	$30,920	$0	$0	$0	$0	$3,231	$65,070	$0	$0	$0	$0
2049 / 88	$94,614	$31,538	$0	$0	$0	$0	$3,349	$66,425	$0	$0	$0	$0
2050 / 89	$96,506	$32,169	$0	$0	$0	$0	$3,469	$67,806	$0	$0	$0	$0
2051 / 90	$98,436	$32,812	$0	$0	$0	$0	$3,591	$69,216	$0	$0	$0	$0
2052 / 91	$100,405	$33,468	$0	$0	$0	$0	$3,716	$70,653	$0	$0	$0	$0
2053 / 92	$102,413	$34,138	$0	$0	$0	$0	$3,844	$72,119	$0	$0	$0	$0
2054 / 93	$104,461	$34,820	$0	$0	$0	$0	$3,974	$73,615	$0	$0	$0	$0
2055 / 94	$106,551	$35,517	$0	$0	$0	$0	$4,107	$75,141	$0	$0	$0	$0

Withdrawal rules, investment gains and reinvestment · amounts include assumed inflation
Year	Required RRIF withdrawal	Required LIF withdrawal	Maximum LIF withdrawal	Gain on investments sold	Taxable part of gain	OAS repayment	Extra money reinvested	Year-end adjusted cost base
2026	$0	$0	$0	$11,788	$5,894	$0	$0	$119,514
2027	$0	$0	$0	$13,272	$6,636	$0	$0	$89,495
2028	$0	$0	$0	$14,772	$7,386	$0	$0	$59,940
2029	$0	$0	$0	$16,288	$8,144	$0	$0	$30,844
2030	$0	$0	$0	$17,820	$8,910	$0	$0	$2,205
2031	$0	$0	$0	$1,515	$757	$0	$0	$0
2032	$33,404	$0	$0	$0	$0	$0	$0	$0
2033	$33,726	$0	$0	$0	$0	$0	$0	$0
2034	$34,055	$0	$0	$0	$0	$0	$0	$0
2035	$34,383	$0	$0	$0	$0	$0	$0	$0
2036	$34,703	$0	$0	$0	$0	$0	$0	$0
2037	$33,841	$0	$0	$0	$0	$0	$0	$0
2038	$32,025	$0	$0	$0	$0	$211	$0	$0
2039	$29,793	$0	$0	$0	$0	$603	$0	$0
2040	$27,222	$0	$0	$0	$0	$1,003	$0	$0
2041	$24,186	$0	$0	$0	$0	$1,411	$0	$0
2042	$20,604	$0	$0	$0	$0	$1,827	$0	$0
2043	$16,428	$0	$0	$0	$0	$2,253	$0	$0
2044	$11,501	$0	$0	$0	$0	$2,701	$0	$0
2045	$5,686	$0	$0	$0	$0	$1,051	$0	$0
2046	$0	$0	$0	$0	$0	$0	$0	$0
2047	$0	$0	$0	$0	$0	$0	$0	$0
2048	$0	$0	$0	$0	$0	$0	$0	$0
2049	$0	$0	$0	$0	$0	$0	$0	$0
2050	$0	$0	$0	$0	$0	$0	$0	$0
2051	$0	$0	$0	$0	$0	$0	$0	$0
2052	$0	$0	$0	$0	$0	$0	$0	$0
2053	$0	$0	$0	$0	$0	$0	$0	$0
2054	$0	$0	$0	$0	$0	$0	$0	$0
2055	$0	$0	$0	$0	$0	$0	$0	$0

Assumptions and sources

What this assumes

This estimate assumes a single person who is a Canadian resident for the full year. Future tax brackets, credits, the income threshold for OAS repayments and withdrawal rules stay at 2026 values. Age and pension income tax credits, pension splitting, the Guaranteed Income Supplement (GIS) and other benefits are not included.

Withdrawals follow this fixed order: required RRIF/LIF withdrawals, non-registered savings, TFSA, extra RRSP/RRIF withdrawals, then any further LIF withdrawals allowed. The calculator does not compare strategies to find the best order.

Use your age on January 1. The plan covers years up to, but not including, the ending age. CPP, OAS and other pensions begin in the first year when your January 1 age reaches the chosen start age. Payments always cover a full year.

Enter yearly benefits before tax, using 2026 dollars for your chosen start age. CPP and OAS increase with assumed inflation. The calculator adds no further increase for a delayed start or for OAS at age 75.

Investment growth is added before withdrawals at year end. Required RRIF/LIF withdrawals use January 1 balances. There is no required RRIF withdrawal in its first year. Only ordinary RRIF rules are included, using your age rather than a spouse's age.

Non-registered investments grow only through increases in value, with gains taxed when sold. Each sale uses a proportional share of the adjusted cost base. Half of each positive gain on investments sold is included in taxable income, once. Capital-loss tax relief, interest, dividends and fees beyond those allowed for in your assumed return are not included.

Any money left after tax and spending is reinvested in non-registered savings and added to its adjusted cost base. The report includes every year, including spending that cannot be covered after savings run out.

Investment returns stay the same each year. The estimate does not include market swings, the effect of when gains or losses happen, future law changes or tax on death. Ending balances are before any tax from selling investments or withdrawing all remaining money.

Amounts include assumed inflation and are shown in each year's dollars.

The calculator uses fixed yearly investment returns after fees. This is an example, not a forecast. Actual returns vary; losses, especially early in retirement, can greatly change the result. Amounts are in Canadian dollars and rounded for display.

Sources

CRA: RRIF minimum rules — https://www.canada.ca/en/revenue-agency/services/forms-publications/publications/ic78-18/registered-retirement-income-funds.html
FSRA: Ontario LIF maximum income — https://www.fsrao.ca/industry/pensions/regulatory-framework/guidance-pensions/life-income-fund-lif-and-locked-retirement-income-fund-lrif-maximum-annual-income-payment-amount-table
Service Canada: OAS recovery tax — https://www.canada.ca/en/services/benefits/publicpensions/old-age-security/recovery-tax.html

These estimates are for learning and planning, not investment, insurance or tax advice. All amounts are in Canadian dollars. Results are rounded and are not guaranteed.

Retirement planning

Account Drawdown

Estimated total left when the plan ends$0

Your spending needs first exceed the money available at age 84. Some accounts may still have money left.

Total estimated tax, including OAS repayments: $311,117
Total spending covered after tax: $1,739,802
Total spending not covered: $694,282
First age with all accounts empty: 84

Total balanceTFSANon-registeredRRSP / RRIFLIF

Year 0 is the start of 2026. Each later point shows balances at the end of the previous calendar year. Withdrawals and taxes are yearly amounts.

Spending may not be fully covered even while money remains in an account. Income, withdrawals and taxes are yearly amounts; chart lines show year-end balances. Tax estimates leave out several credits, and actual income may differ significantly.

Your estimate: Province or territory where you live on December 31: Ontario · Age on January 1, 2026: 65 years · Age when this plan ends: 95 years · Yearly spending money needed after tax: $60,000 CAD. All inputs, results, yearly tables and sources follow.

These estimates are for learning and planning, not investment, insurance or tax advice. All amounts are in Canadian dollars. Results are rounded and are not guaranteed.

Your inputs

These are the exact entries used for this calculation. Money amounts keep all the decimal places you entered.

Province or territory where you live on December 31: Ontario
Age on January 1, 2026: 65 years
Age when this plan ends: 95 years
Yearly spending money needed after tax: $60,000 CAD
Yearly investment return after fees: 4 %
Yearly inflation rate: 2 %
Tax-Free Savings Account (TFSA) balance: $100,000 CAD
Non-registered investments: current value: $200,000 CAD
Non-registered investments: adjusted cost base: $150,000 CAD
RRSP or RRIF balance: $500,000 CAD
Your retirement account type at the start: RRSP — Registered Retirement Savings Plan
Year your RRIF starts: 2031 year
Yearly CPP income before tax: $12,000 CAD
CPP starts at age: 65 years
Yearly OAS income before tax: $8,000 CAD
OAS starts at age: 65 years
Other yearly pension income before tax: $0 CAD
Other pension starts at age: 65 years

Your inputs · continued

These are the exact entries used for this calculation. Money amounts keep all the decimal places you entered.

Other pension increases with inflation: No
Which pension rules apply to your LIF?: No LIF included
Existing Ontario LIF balance: $0 CAD
LIF investment gain or loss last year: $0 CAD
Is your birthday January 1?: No

Complete result summary

Estimated total left when the plan ends: $0

Total estimated tax, including OAS repayments: $311,117
Total spending covered after tax: $1,739,802
Total spending not covered: $694,282
First age with all accounts empty: 84

Canadian planning models · 09653a0 · Report format 2026-10-15. All assumptions and sources are included below.

2055 year-end · January 1 age 94

Income, withdrawals, taxes and withdrawal rules are for the completed calendar year. Account amounts show year-end balances. The first point shows starting balances.

Balance: $0
Spending needed: $106,551
Spending covered after tax: $31,410
Tax, including OAS repayments: $4,107
Benefits and pension: $35,517
TFSA withdrawal: $0
Non-registered withdrawal: $0
RRSP / RRIF withdrawal: $0
LIF withdrawal: $0
Required RRIF withdrawal: $0
Required / maximum LIF withdrawal: $0 / $0
Spending not covered: $75,141
Year-end TFSA balance: $0
Year-end non-registered balance: $0
Year-end RRSP / RRIF balance: $0
Year-end LIF balance: $0

Spending, benefits, tax and shortfall

Yearly withdrawals and balances · amounts include assumed inflation · 2026 / 65–2039 / 78 · CAD · rows 1–14 of 30
Year / age	Spending needed	Benefits & pension	Tax	Spending not covered
2026 / 65	$60,000	$20,000	$2,274	$0
2027 / 66	$61,200	$20,400	$2,491	$0
2028 / 67	$62,424	$20,808	$2,712	$0
2029 / 68	$63,672	$21,224	$2,935	$0
2030 / 69	$64,946	$21,649	$3,162	$0
2031 / 70	$66,245	$22,082	$1,459	$0
2032 / 71	$67,570	$22,523	$8,379	$0
2033 / 72	$68,921	$22,974	$8,557	$0
2034 / 73	$70,300	$23,433	$8,740	$0
2035 / 74	$71,706	$23,902	$8,924	$0
2036 / 75	$73,140	$24,380	$15,083	$0
2037 / 76	$74,602	$24,867	$19,754	$0
2038 / 77	$76,095	$25,365	$20,636	$0
2039 / 78	$77,616	$25,872	$21,727	$0

Spending, benefits, tax and shortfall

Yearly withdrawals and balances · amounts include assumed inflation · 2040 / 79–2053 / 92 · CAD · rows 15–28 of 30
Year / age	Spending needed	Benefits & pension	Tax	Spending not covered
2040 / 79	$79,169	$26,390	$22,840	$0
2041 / 80	$80,752	$26,917	$23,975	$0
2042 / 81	$82,367	$27,456	$25,133	$0
2043 / 82	$84,014	$28,005	$26,327	$0
2044 / 83	$85,695	$28,565	$27,637	$0
2045 / 84	$87,409	$29,136	$22,973	$8,055
2046 / 85	$89,157	$29,719	$3,002	$62,440
2047 / 86	$90,940	$30,313	$3,115	$63,742
2048 / 87	$92,759	$30,920	$3,231	$65,070
2049 / 88	$94,614	$31,538	$3,349	$66,425
2050 / 89	$96,506	$32,169	$3,469	$67,806
2051 / 90	$98,436	$32,812	$3,591	$69,216
2052 / 91	$100,405	$33,468	$3,716	$70,653
2053 / 92	$102,413	$34,138	$3,844	$72,119

Spending, benefits, tax and shortfall

Yearly withdrawals and balances · amounts include assumed inflation · 2054 / 93–2055 / 94 · CAD · rows 29–30 of 30
Year / age	Spending needed	Benefits & pension	Tax	Spending not covered
2054 / 93	$104,461	$34,820	$3,974	$73,615
2055 / 94	$106,551	$35,517	$4,107	$75,141

Withdrawals by account

Yearly withdrawals and balances · amounts include assumed inflation · 2026 / 65–2039 / 78 · CAD · rows 1–14 of 30
Year / age	TFSA withdrawal	Non-registered withdrawal	RRSP/RRIF withdrawal	LIF withdrawal
2026 / 65	$0	$42,274	$0	$0
2027 / 66	$0	$43,291	$0	$0
2028 / 67	$0	$44,328	$0	$0
2029 / 68	$0	$45,384	$0	$0
2030 / 69	$0	$46,459	$0	$0
2031 / 70	$41,903	$3,719	$0	$0
2032 / 71	$20,021	$0	$33,404	$0
2033 / 72	$20,778	$0	$33,726	$0
2034 / 73	$21,551	$0	$34,055	$0
2035 / 74	$22,345	$0	$34,383	$0
2036 / 75	$9,621	$0	$54,222	$0
2037 / 76	$0	$0	$69,489	$0
2038 / 77	$0	$0	$71,366	$0
2039 / 78	$0	$0	$73,471	$0

Withdrawals by account

Yearly withdrawals and balances · amounts include assumed inflation · 2040 / 79–2053 / 92 · CAD · rows 15–28 of 30
Year / age	TFSA withdrawal	Non-registered withdrawal	RRSP/RRIF withdrawal	LIF withdrawal
2040 / 79	$0	$0	$75,619	$0
2041 / 80	$0	$0	$77,810	$0
2042 / 81	$0	$0	$80,045	$0
2043 / 82	$0	$0	$82,337	$0
2044 / 83	$0	$0	$84,767	$0
2045 / 84	$0	$0	$73,190	$0
2046 / 85	$0	$0	$0	$0
2047 / 86	$0	$0	$0	$0
2048 / 87	$0	$0	$0	$0
2049 / 88	$0	$0	$0	$0
2050 / 89	$0	$0	$0	$0
2051 / 90	$0	$0	$0	$0
2052 / 91	$0	$0	$0	$0
2053 / 92	$0	$0	$0	$0

Withdrawals by account

Yearly withdrawals and balances · amounts include assumed inflation · 2054 / 93–2055 / 94 · CAD · rows 29–30 of 30
Year / age	TFSA withdrawal	Non-registered withdrawal	RRSP/RRIF withdrawal	LIF withdrawal
2054 / 93	$0	$0	$0	$0
2055 / 94	$0	$0	$0	$0

Year-end balances

Yearly withdrawals and balances · amounts include assumed inflation · 2026 / 65–2039 / 78 · CAD · rows 1–14 of 30
Year / age	TFSA year-end balance	Non-registered year-end balance	RRSP/RRIF year-end balance	LIF year-end balance
2026 / 65	$104,000	$165,726	$520,000	$0
2027 / 66	$108,160	$129,064	$540,800	$0
2028 / 67	$112,486	$89,899	$562,432	$0
2029 / 68	$116,986	$48,111	$584,929	$0
2030 / 69	$121,665	$3,576	$608,326	$0
2031 / 70	$84,629	$0	$632,660	$0
2032 / 71	$67,993	$0	$624,561	$0
2033 / 72	$49,935	$0	$615,818	$0
2034 / 73	$30,381	$0	$606,396	$0
2035 / 74	$9,251	$0	$596,269	$0
2036 / 75	$0	$0	$565,898	$0
2037 / 76	$0	$0	$519,045	$0
2038 / 77	$0	$0	$468,441	$0
2039 / 78	$0	$0	$413,707	$0

Year-end balances

Yearly withdrawals and balances · amounts include assumed inflation · 2040 / 79–2053 / 92 · CAD · rows 15–28 of 30
Year / age	TFSA year-end balance	Non-registered year-end balance	RRSP/RRIF year-end balance	LIF year-end balance
2040 / 79	$0	$0	$354,636	$0
2041 / 80	$0	$0	$291,012	$0
2042 / 81	$0	$0	$222,607	$0
2043 / 82	$0	$0	$149,175	$0
2044 / 83	$0	$0	$70,375	$0
2045 / 84	$0	$0	$0	$0
2046 / 85	$0	$0	$0	$0
2047 / 86	$0	$0	$0	$0
2048 / 87	$0	$0	$0	$0
2049 / 88	$0	$0	$0	$0
2050 / 89	$0	$0	$0	$0
2051 / 90	$0	$0	$0	$0
2052 / 91	$0	$0	$0	$0
2053 / 92	$0	$0	$0	$0

Year-end balances

Yearly withdrawals and balances · amounts include assumed inflation · 2054 / 93–2055 / 94 · CAD · rows 29–30 of 30
Year / age	TFSA year-end balance	Non-registered year-end balance	RRSP/RRIF year-end balance	LIF year-end balance
2054 / 93	$0	$0	$0	$0
2055 / 94	$0	$0	$0	$0

Withdrawal rules and OAS repayments

Withdrawal rules, investment gains and reinvestment · amounts include assumed inflation · 2026–2039 · CAD · rows 1–14 of 30
Year	Required RRIF withdrawal	Required LIF withdrawal	Maximum LIF withdrawal	OAS repayment
2026	$0	$0	$0	$0
2027	$0	$0	$0	$0
2028	$0	$0	$0	$0
2029	$0	$0	$0	$0
2030	$0	$0	$0	$0
2031	$0	$0	$0	$0
2032	$33,404	$0	$0	$0
2033	$33,726	$0	$0	$0
2034	$34,055	$0	$0	$0
2035	$34,383	$0	$0	$0
2036	$34,703	$0	$0	$0
2037	$33,841	$0	$0	$0
2038	$32,025	$0	$0	$211
2039	$29,793	$0	$0	$603

Withdrawal rules and OAS repayments

Withdrawal rules, investment gains and reinvestment · amounts include assumed inflation · 2040–2053 · CAD · rows 15–28 of 30
Year	Required RRIF withdrawal	Required LIF withdrawal	Maximum LIF withdrawal	OAS repayment
2040	$27,222	$0	$0	$1,003
2041	$24,186	$0	$0	$1,411
2042	$20,604	$0	$0	$1,827
2043	$16,428	$0	$0	$2,253
2044	$11,501	$0	$0	$2,701
2045	$5,686	$0	$0	$1,051
2046	$0	$0	$0	$0
2047	$0	$0	$0	$0
2048	$0	$0	$0	$0
2049	$0	$0	$0	$0
2050	$0	$0	$0	$0
2051	$0	$0	$0	$0
2052	$0	$0	$0	$0
2053	$0	$0	$0	$0

Withdrawal rules and OAS repayments

Withdrawal rules, investment gains and reinvestment · amounts include assumed inflation · 2054–2055 · CAD · rows 29–30 of 30
Year	Required RRIF withdrawal	Required LIF withdrawal	Maximum LIF withdrawal	OAS repayment
2054	$0	$0	$0	$0
2055	$0	$0	$0	$0

Gains, money reinvested and adjusted cost base

Withdrawal rules, investment gains and reinvestment · amounts include assumed inflation · 2026–2039 · CAD · rows 1–14 of 30
Year	Gain on investments sold	Taxable part of gain	Extra money reinvested	Year-end adjusted cost base
2026	$11,788	$5,894	$0	$119,514
2027	$13,272	$6,636	$0	$89,495
2028	$14,772	$7,386	$0	$59,940
2029	$16,288	$8,144	$0	$30,844
2030	$17,820	$8,910	$0	$2,205
2031	$1,515	$757	$0	$0
2032	$0	$0	$0	$0
2033	$0	$0	$0	$0
2034	$0	$0	$0	$0
2035	$0	$0	$0	$0
2036	$0	$0	$0	$0
2037	$0	$0	$0	$0
2038	$0	$0	$0	$0
2039	$0	$0	$0	$0

Gains, money reinvested and adjusted cost base

Withdrawal rules, investment gains and reinvestment · amounts include assumed inflation · 2040–2053 · CAD · rows 15–28 of 30
Year	Gain on investments sold	Taxable part of gain	Extra money reinvested	Year-end adjusted cost base
2040	$0	$0	$0	$0
2041	$0	$0	$0	$0
2042	$0	$0	$0	$0
2043	$0	$0	$0	$0
2044	$0	$0	$0	$0
2045	$0	$0	$0	$0
2046	$0	$0	$0	$0
2047	$0	$0	$0	$0
2048	$0	$0	$0	$0
2049	$0	$0	$0	$0
2050	$0	$0	$0	$0
2051	$0	$0	$0	$0
2052	$0	$0	$0	$0
2053	$0	$0	$0	$0

Gains, money reinvested and adjusted cost base

Withdrawal rules, investment gains and reinvestment · amounts include assumed inflation · 2054–2055 · CAD · rows 29–30 of 30
Year	Gain on investments sold	Taxable part of gain	Extra money reinvested	Year-end adjusted cost base
2054	$0	$0	$0	$0
2055	$0	$0	$0	$0

What this assumes

What this assumes · continued

Amounts include assumed inflation and are shown in each year's dollars.

Important limit: After-tax amounts use a limited estimate based on 2026 tax rules. Age and pension tax credits, income splitting and several other credits are excluded, so the money you can actually spend may differ greatly. Future tax rules and LIF withdrawal factors are assumptions.

These estimates are for learning and planning, not investment, insurance or tax advice. All amounts are in Canadian dollars. Results are rounded and are not guaranteed.

Sources

These sources support the calculation. Check the latest official guidance for your situation.

CRA: RRIF minimum ruleshttps://www.canada.ca/en/revenue-agency/services/forms-publications/publications/ic78-18/registered-retirement-income-funds.html
FSRA: Ontario LIF maximum incomehttps://www.fsrao.ca/industry/pensions/regulatory-framework/guidance-pensions/life-income-fund-lif-and-locked-retirement-income-fund-lrif-maximum-annual-income-payment-amount-table
Service Canada: OAS recovery taxhttps://www.canada.ca/en/services/benefits/publicpensions/old-age-security/recovery-tax.html

Canadian planning models · 09653a0 · Report format 2026-10-15

Estimates, not personal advice. Speak with an advisor.