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A registered retirement income fund (RRIF) is a tax-sheltered account type that can only be funded and automatically converted from a registered retirement saving plan (RRSP), turning your hard earned savings into retirement income. Use the RRIF Calculator to better understand your income potential and how long your RRIF has the potential to last.
How much retirement income could your savings generate? This tool helps you find out. Enter information about you and your current savings plan (s) and view graphs and charts of your results.
Use our handy calculator to see how much income you’ll get from your retirement savings. You may have more than one type of retirement savings (i.e., pension plan, RRSP, etc.). Depending on the type, both a RRIF and a life income fund (LIF) can help you turn those savings into income.
A life annuity can offer guaranteed retirement income payments for as long as you live. This annuity calculator will estimate how much income you can get and compare it to income from a GIC or RRIF. For a more customized quote, talk to an advisor.
See how the size of the contributions to your group plan can affect your retirement income with this calculator. How old are you? At what age do you want to retire? How are you contributing to retirement today? What’s your annual income before taxes? What percentage of your annual income are you contributing?
Use this calculator to help you determine how long your investment savings might last. This calculator is designed to help you calculate different payment options from your Registered Retirement Income Fund (RRIF). Quickly determine if your retirement plan is on track - and learn how to keep it there.
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What is a RRIF & a Life Income Fund?
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Can a Life Income Fund convert RRSP savings into income?
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TaxTips.ca - Annual Retirement Income Calculator - See how long your investments will last at different rates of return, until they are drawn down to zero.
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