RMD Calculator
Calculate your Required Minimum Distribution (RMD) from your IRA or 401(k). Enter your account balance and age to find your annual withdrawal amount.
The IRS requires you to withdraw a minimum amount from your traditional IRA, 401(k), or other pre-tax retirement accounts each year starting at age 73. Failing to take your RMD results in a 25% excise tax on the amount not withdrawn.
How RMD is calculated
RMD = account balance on Dec 31 of the prior year ÷ IRS life expectancy factor. The factor comes from the Uniform Lifetime Table (or Joint and Last Survivor Table if your sole beneficiary is a spouse more than 10 years younger).
RMD rules to know
- RMDs must be taken by December 31 each year (first RMD can be delayed to April 1 of the following year)
- Roth IRAs do NOT have RMDs during the owner's lifetime
- You can take more than the RMD — just not less
- Multiple IRAs: RMDs are calculated separately but can be taken from one account
Strategies to reduce RMDs
- Roth conversions before age 73 to reduce pre-tax balance
- Qualified Charitable Distributions (QCDs) up to $105,000/year satisfy RMDs tax-free
- Still working? 401(k) at current employer may be exempt from RMDs