RMD Calculator
Find out exactly how much you must withdraw from your retirement accounts each year. Enter your account balance and age to see your Required Minimum Distribution based on the IRS Uniform Lifetime Table.
Required Minimum Distributions (RMDs) are mandatory annual withdrawals from traditional IRAs, 401(k)s, and other tax-deferred retirement accounts. Under the SECURE 2.0 Act, RMDs now begin at age 73 (up from 72). Roth IRAs are exempt from RMDs during the account owner's lifetime.
Here's how it works: divide your account balance (as of December 31 of the prior year) by the IRS distribution period for your age. For a 73-year-old with a $500,000 balance, the distribution period is 26.5, so the RMD is $500,000 / 26.5 = $18,868. That amount must be withdrawn by December 31 (or April 1 of the following year for your very first RMD).
Missing an RMD used to trigger a brutal 50% penalty on the amount not withdrawn. SECURE 2.0 reduced this to 25%, and it drops to 10% if you correct the shortfall within two years. Still, the penalty makes it critical to calculate and withdraw your RMD on time every year. If you have multiple traditional IRAs, you can add up all the RMDs and take the total from any one (or combination) of those accounts.