RMD Calculator
Calculate Required Minimum Distributions from retirement accounts.
Examples
First-Year RMD
Frequently Asked Questions
When do RMDs start?
What happens if I miss an RMD?
Can I withdraw more than my RMD?
Quick Tips
Double check your inputs. Ensure units match (e.g., inches vs cm).
How to Use This Calculator
Enter your retirement account balance (as of December 31 of the prior year) and your current age. The calculator uses the IRS Uniform Lifetime Table to determine your distribution period and calculates your Required Minimum Distribution. The projection shows how your balance and RMDs change over time.
Understanding the Formula
RMD = Account Balance / Distribution Period (from IRS Uniform Lifetime Table). The distribution period decreases each year as you age, meaning a larger percentage must be withdrawn annually.
Examples
First-Year RMD
A 73-year-old with a $500,000 Traditional IRA has a distribution period of 26.5. Their RMD is $500,000 / 26.5 = $18,868. This works out to approximately $1,572 per month.
Frequently Asked Questions
When do RMDs start?
Under the SECURE 2.0 Act, RMDs must begin at age 73 for those born between 1951 and 1959, and age 75 for those born in 1960 or later. Roth IRAs do not require RMDs during the owner's lifetime.
What happens if I miss an RMD?
The penalty for missing an RMD was reduced from 50% to 25% of the shortfall under SECURE 2.0. If corrected promptly, the penalty may be further reduced to 10%.
Can I withdraw more than my RMD?
Yes, the RMD is the minimum amount. You can always withdraw more, but excess withdrawals do not count toward future years' RMDs.