RRSP Meltdown Calculator
I hope to retire within the next year or so. I have savings in RRSP, LIRA, and TFSA. I want to melt down my RRSP and LIRA completely between 55 and 71, at which point I’ll start CPP and OAS plus additional withdrawals from TFSA as needed. Just wondering what the best way to calculate my monthly withdrawal rate to reduce the accounts to $0 or close it it by 71. Is there a calculator online to assist?
u/CanadianTrader51 — 13 hours ago