RRSP Meltdown Calculator — Advanced

A RRSP meltdown is a strategy to carefully withdraw money from your Registered Retirement Savings Plan (RRSP) or convert it into a Registered Retirement Income Fund (RRIF). The goal is to manage your withdrawals so you pay less in Canadian taxes over time. This strategy is usually used by Canadians with larger retirement savings who want to make their money last longer.

Who is it for: People with significant RRSP balances who want to plan withdrawals to minimize taxes and keep more of their retirement money.

Pros:

✅ Reduces overall taxes over your retirement years.
✅ Keeps more of your retirement savings in your pocket.
✅ Helps plan a predictable income each year.

Cons:

⚠️ Can be complex to calculate and plan properly.
⚠️ May not consider all retirement factors like CPP, OAS, or estate planning.
⚠️ Requires careful tracking of withdrawals each year.

Province Current age Retirement age Life expectancy RRSP balance Employment income (pre-retirement) Retirement income (pensions, CPP, OAS) Return % Inflation %

Strategy Withdraw years override (optional) Federal BPA Provincial BPA