| "Illustration" for JENNIFER SMITH |
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| For demo purposes, the results shown reflect sample data. |  |
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Here is an overview of your gross annual retirement income against the annual payment limit(s) that must be respected for your plan. |
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RRIF
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| Year |
Owner's
age on
Jan. 1st |
Opening
balance
($) |
Minimum payment limit |
Gross
annual
income
($) |
|
| %* |
($) |
| 2023 |
64 |
341,421.95 |
0.000 |
0.00 |
0.00 |
|
| 2024 |
65 |
346,473.40 |
4.000 |
13,858.92 |
21,240.00 |
|
| 2025 |
66 |
345,387.33 |
4.166 |
14,391.12 |
21,240.00 |
|
| 2026 |
67 |
344,236.08 |
4.347 |
14,966.76 |
21,240.00 |
|
| 2027 |
68 |
343,015.76 |
4.545 |
15,591.60 |
21,240.00 |
|
| 2028 |
69 |
341,722.23 |
4.761 |
16,272.48 |
21,240.00 |
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| 2029 |
70 |
340,351.08 |
5.000 |
17,017.56 |
21,240.00 |
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| 2030 |
71 |
338,897.66 |
7.380 |
25,010.64 |
25,010.64 |
Min |
| 2031 |
72 |
333,473.76 |
7.480 |
24,943.80 |
24,943.80 |
Min |
| 2032 |
73 |
327,793.26 |
7.590 |
24,879.48 |
24,879.48 |
Min |
| 2033 |
74 |
321,838.17 |
7.710 |
24,813.72 |
24,813.72 |
Min |
| 2034 |
75 |
315,593.51 |
7.850 |
24,774.12 |
24,774.12 |
Min |
| 2035 |
76 |
309,014.94 |
7.990 |
24,690.24 |
24,690.24 |
Min |
| 2036 |
77 |
302,128.05 |
8.150 |
24,623.40 |
24,623.40 |
Min |
| 2037 |
78 |
294,896.78 |
8.330 |
24,564.96 |
24,564.96 |
Min |
| 2038 |
79 |
287,291.82 |
8.530 |
24,506.04 |
24,506.04 |
Min |
| 2039 |
80 |
279,291.25 |
8.750 |
24,438.00 |
24,438.00 |
Min |
| 2040 |
81 |
270,880.71 |
8.990 |
24,352.20 |
24,352.20 |
Min |
| 2041 |
82 |
262,053.90 |
9.270 |
24,292.44 |
24,292.44 |
Min |
| 2042 |
83 |
252,759.03 |
9.580 |
24,214.32 |
24,214.32 |
Min |
| 2043 |
84 |
242,986.91 |
9.930 |
24,128.64 |
24,128.64 |
Min |
| 2044 |
85 |
232,716.72 |
10.330 |
24,039.60 |
24,039.60 |
Min |
| 2045 |
86 |
221,922.01 |
10.790 |
23,945.40 |
23,945.40 |
Min |
| 2046 |
87 |
210,576.63 |
11.330 |
23,858.28 |
23,858.28 |
Min |
| 2047 |
88 |
198,640.25 |
11.960 |
23,757.36 |
23,757.36 |
Min |
| 2048 |
89 |
186,091.62 |
12.710 |
23,652.24 |
23,652.24 |
Min |
| 2049 |
90 |
172,898.34 |
13.620 |
23,548.80 |
23,548.80 |
Min |
| 2050 |
91 |
159,019.99 |
14.730 |
23,423.64 |
23,423.64 |
Min |
| 2051 |
92 |
144,437.83 |
16.120 |
23,283.36 |
23,283.36 |
Min |
| 2052 |
93 |
129,125.22 |
17.920 |
23,139.24 |
23,139.24 |
Min |
| 2053 |
94 |
113,042.28 |
20.000 |
22,608.48 |
22,608.48 |
Min |
| 2054 |
95 |
96,540.97 |
20.000 |
19,308.24 |
21,240.00 |
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| 2055 |
96 |
80,458.95 |
20.000 |
16,091.76 |
21,240.00 |
|
| 2056 |
97 |
63,412.00 |
20.000 |
12,682.44 |
21,240.00 |
|
| 2057 |
98 |
45,342.24 |
20.000 |
9,068.40 |
21,240.00 |
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Click on the arrow to restore the table. |
| 2058 |
99 |
26,188.29 |
20.000 |
5,237.64 |
21,240.00 |
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| * Percentage of opening balance |
| Min: The income payment amounts have been increased to meet the government prescribed minimum income. |
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