RMD Calculator
Calculate Required Minimum Distribution (RMD) from IRA or 401(k) accounts based on IRS life expectancy tables.
Input Parameters
Results
Required Minimum Distributions
The IRS requires withdrawals from traditional IRAs and 401(k)s starting at age 73 (SECURE 2.0 Act). RMD amount = Account Balance / IRS Distribution Period. Failure to take RMDs results in a 25% excise tax penalty.
What is the RMD Calculator?
The Required Minimum Distribution (RMD) Calculator is a strict tax-compliance tool for retirees. Once you reach a certain age, the IRS legally requires you to withdraw a specific minimum amount from your traditional IRA or 401(k) each year so it can be taxed.
How It Works (Algorithm)
The RMD is not a fixed percentage. It is calculated by taking your total retirement account balance as of December 31st of the previous year, and dividing it by a specific "Life Expectancy Factor" published by the IRS in the Uniform Lifetime Table.
$$ \text{RMD} = \frac{\text{Account Balance}}{\text{IRS Life Expectancy Factor}} $$
The legal calculation required to avoid IRS withdrawal penalties.
How to Use It
Enter your current age, the age of your spouse (if they are the sole beneficiary and significantly younger), and your prior-year account balance. The calculator will output the exact dollar amount you are legally required to withdraw this year.