Skip to content

Find a question

Can’t find what you’re looking for? Ask us a new question!

At what rate should you take your retirement money out of your investments during retirement?



Our response:

There is no one right answer to this question – everyone has their own financial needs and personal situation. If you have a financial plan, it may include an estimation of how much of an annual income you need to have the lifestyle you currently do, or to have the lifestyle you want in retirement. You may also receive income from other retirement sources – for example government benefits or a workplace pension plan. The amount you receive from these additional sources will affect the amount you need to withdraw from your investments.

If you have a Registered Retirement Income Fund (RRIF), there is a minimum amount that you must withdraw each year based on your age, regardless of whether you need it. Learn more about making withdrawals from a RRIF and see the minimum withdrawal rates.

A financial advisor can help you determine your retirement needs, based on your personal and financial situation, as well as your risk tolerance. Check the registration of any financial advisor you consider working with through the Canadian Securities Administrators.

Can’t find what you’re looking for?

Copy the URL to share:

  Share the site: