RMD Calculator
Calculate your required minimum distribution from retirement accounts based on IRS tables.
Results
What is an RMD Calculator?
A required minimum distribution calculator determines the minimum amount you must withdraw annually from traditional IRAs and 401(k) plans once you reach the required age. It uses IRS life expectancy tables to compute the distribution period.
How to Use This Calculator
- Enter your retirement account balance as of December 31 of the prior year.
- Input your current age.
- Select your beneficiary type. Choose the joint life table if your spouse is more than 10 years younger.
- Optionally enter your estimated tax rate to see the tax impact.
- Click Calculate to see your RMD, remaining balance, and estimated tax.
Frequently Asked Questions
When do I have to start taking RMDs?
Under current rules, RMDs generally begin at age 73. The exact age can change with legislation, so consult IRS guidelines or a tax advisor for your situation.
What happens if I do not take my RMD?
The IRS may impose a penalty on the amount that should have been withdrawn. It is important to calculate and take your RMD on time.
Does Roth IRA have RMDs?
Roth IRAs do not require RMDs during the original owner's lifetime. Roth 401(k)s may have RMDs unless rolled into a Roth IRA.
Can I withdraw more than the RMD?
Yes. The RMD is the minimum you must withdraw. You can take out more, but the extra is still taxable as ordinary income.