RMD Calculator

How it works

Calculate your Required Minimum Distribution (RMD) from your retirement accounts based on the IRS Uniform Lifetime Table.

Calculate your IRS required minimum distributions

Description

The RMD Calculator is a vital tool for retirees. Once you reach a certain age (currently 73), the IRS requires you to start taking annual withdrawals from your Traditional IRA, 401(k), and other pre-tax retirement accounts. This tool uses the official IRS Uniform Lifetime Table to calculate exactly how much you must withdraw this year.

Inputs

• Your Age: Your current age (must be 73 or older for standard RMD requirements).
• Account Balance: The total value of your pre-tax retirement accounts as of December 31st of the last calendar year ($).

Outputs

• Required Minimum Distribution: The specific dollar amount you must withdraw this year to avoid IRS penalties.
• Distribution Period (Factor): The life expectancy factor provided by the IRS for your current age.
• Remaining Balance: Your account balance after the RMD has been withdrawn (assuming no investment growth).

Chart

• N/A: This tool provides a direct, compliance-focused numeric result.

“Good to Know”

• Failing to take your RMD on time can result in a significant IRS penalty—currently 25% of the amount that should have been withdrawn (which can be reduced to 10% if corrected quickly).
• You are allowed to withdraw more than the RMD, but never less.
• Roth IRAs do not require RMDs during the original owner’s lifetime, though inherited Roth IRAs may have different rules.

Examples

Example 1: Starting RMDs

• Input:
  • Age: 73
  • Balance: $500,000
• Output:
  • Factor: 26.5
  • RMD: ~$18,868

Example 2: Older Retiree

• Input:
  • Age: 85
  • Balance: $300,000
• Output:
  • Factor: 16.0
  • RMD: $18,750 (Higher percentage of balance)

Example 3: Very High Balance

• Input:
  • Age: 75
  • Balance: $1,200,000
• Output:
  • Factor: 24.6
  • RMD: ~$48,780