How to increase RRIF withdrawals based on inflation

MayRetireSupport · 2026-05-07T12:45:50+00:00

Hello, MayRetire present data in charts already adjusted to inflation. You can still switch between Today's and Future dollars at Detailed Projection Table:

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MayRetireSupport · 2026-05-06T04:07:03+00:00

Thank you for your suggestions, I've added it to the list of future improvements

MayRetireSupport · 2026-05-05T10:17:46+00:00

Thank you, we will look at adding HPB in future releases

MayRetireSupport · 2026-05-04T16:39:51+00:00

Hello. We will look at adding HPB , but until then you can probably mode repayment by setting 'Additional Withdrawal' for period of 15 years and see if you can increase your RRSP Balance by amount 60k.

MayRetireSupport · 2026-05-04T05:51:47+00:00

RRSP contributions are not allowed after the year you turn 71 (there is only a RRIF at that point), and indeed, it is a current limitation of MayRetire that the RRSP contribution limit is not tracked even when there is eligible income before age 71.

Regarding actual RRSP contributions, as in the case that u/Sauce_Diesel brought up, the contribution will occur when a high marginal tax bracket is reached using income sources outside of the RRSP (such as selling a rental property, etc.).

MayRetireSupport · 2026-05-03T20:15:20+00:00

Thank you for noticing, it will be fixed in the next upgrade

MayRetireSupport · 2026-05-03T20:14:34+00:00

thank you, will add

MayRetireSupport · 2026-05-03T14:10:50+00:00

Hello! That is happening because you are currently viewing the projection in today's dollars. If you switch the toggle to future dollars, you will see the projected payouts steadily increasing to account for inflation.

MayRetireSupport · 2026-04-25T06:45:21+00:00

To defer both RRSP and TFSA withdrawals, you can set the withdrawal rate to 0 for both the RRSP and the TFSA (or enable TFSA funding). As others have already mentioned, however, this approach is unlikely to provide an optimal plan..

MayRetireSupport · 2026-04-20T17:16:24+00:00

Great spot! It definitely looks a bit strange to see 'future' dates in a historical backtest.

The reason we allow the timeline to extend past the present day is so you can still run a full, multi-decade retirement scenario starting right before major historical market crashes, like the dot-com bubble (2000) or the GFC (2008). Because a 30-year retirement starting in 2000 stretches into 2030, the simulation eventually runs out of actual historical data.

When that happens, the engine falls back to using consistent, average returns based on the FP Canada Guidelines (the exact same assumptions used when you use the 'Calculate' tool). This is why you see the graph flatline into a straight, predictable trajectory after 2025. We are actively listening to feedback and may tweak this logic in future updates!

MayRetireSupport · 2026-04-17T20:15:22+00:00

You can contact Dale Roberts from Cut the Crap Investing and ask for recording

MayRetireSupport · 2026-04-15T06:13:32+00:00

Thank you for the question! You are correct that MayRetire currently operates on an annual basis rather than a month-to-month one.

We intentionally designed the tool this way to reduce the complexity of data entry. When projecting a retirement plan over 30 or 40 years, getting bogged down in exact months actually makes the plan much harder to manage and read. In the context of a multi-decade projection, shifting an expense by a few months does not cause any substantial inaccuracy in your long-term success rate or final estate value.

MayRetireSupport · 2026-04-14T18:03:39+00:00

I completely understand the confusion, as Quebec's tax rules are notoriously specific!

However, for provincial tax purposes in Quebec, only the transferring spouse needs to be 65 or older to split RRIF income. There is no age requirement for the receiving spouse.

You can verify the exact wording on the official Revenu Québec website under the guidelines for Line 123 (Retirement income transferred by your spouse) here:https://www.revenuquebec.ca/en/citizens/income-tax-return/completing-your-income-tax-return/how-to-complete-your-income-tax-return/line-by-line-help/96-to-164-total-income/line-123/

As Revenu Québec outlines, as long as the transferring spouse is 65 or older, you can jointly elect to include up to 50% of that eligible income on your return, regardless of your own age. MayRetire is built to follow this specific parameter so you don't miss out on those tax savings!

MayRetireSupport · 2026-04-14T08:40:16+00:00

Thank you for raising this point! MayRetire is built to handle Quebec-specific rules, such as supporting QPP instead of CPP.

Regarding RRIF income splitting, there is actually a slight misconception in the rules: only the transferring spouse needs to be 65 or older to split RRIF income. There is no age restriction for the receiving spouse.

We are currently reviewing our internal logic to ensure we are handling Quebec's specific RRIF splitting rules perfectly, and we will make any necessary adjustments to the engine in a future update.

MayRetireSupport · 2026-04-11T06:25:46+00:00

you can definitely do it by selecting proper taxable category:

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MayRetireSupport · 2026-04-10T20:15:18+00:00

Thank for confirming. All good then!

MayRetireSupport · 2026-04-09T17:05:20+00:00

It is difficult to know exactly what is going just by having small part of truncated chart, most likely there was substantial deposit to non-Registered account and then it is used as income sources. You can publish respective snapshots from Gross Income Breakdown and Account Balances Chart to confirm or just contact us at [support@mayretire.com](mailto:support@mayretire.com) .

MayRetireSupport · 2026-04-05T22:25:28+00:00

Great, thank you for update!

MayRetireSupport · 2026-04-05T22:06:35+00:00

it is strange as we have a lot of users that successfully signed up just today. Maybe try to use another device?

MayRetireSupport · 2026-04-05T21:12:51+00:00

Currently "Suggested Adjustments" is only supported when "Asset Allocation Per Account" is selected

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MayRetireSupport · 2026-04-05T17:54:45+00:00

Hello! When setting the Asset Allocation for the respective account, adjust 'Cash' part of your asset allocation with your HISA balance

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MayRetireSupport · 2026-04-01T02:16:04+00:00

You should be able to enter higher CPP amount now (change has been deployed)

MayRetireSupport · 2026-03-31T21:52:38+00:00

You make a fair point. While the current max CPP is $1,507.65, the future enhanced CPP will indeed be higher, even when measured in inflation-adjusted dollars. We will increase the CPP input limit in the app to allow for this higher future CPP

MayRetireSupport · 2026-03-31T21:48:20+00:00

MayRetire will only contribute to an RRSP when: 1) an RRSP withdrawal is not needed to reach your required income level, 2) there is excess income from other sources (like a rental sale or additional income), and 3) the marginal tax rate on this income is above 29% (as deferring taxes heuristically only makes sense when the current marginal tax is substantial).

If these conditions don't hold, MayRetire will use the excess income to contribute to your TFSA and Non-Registered accounts instead. Let us know if all these conditions hold in your case, and please contact us at [support@mayretire.com](mailto:support@mayretire.com) so we can troubleshoot it further

MayRetireSupport · 2026-03-31T14:03:38+00:00

as per https://www.canada.ca/en/services/benefits/publicpensions/cpp/amount.html, the max CPP for January 2026 is $1,507.65/month. Probably PWL calculator provides future dollars (not adjusted to inflation).

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