Calculate Required Minimum Distributions from your IRA
The Required Minimum Distribution (RMD) calculator helps retirees determine the minimum amount they must withdraw from their IRA each year starting at age 73. It uses IRS life expectancy factors to calculate your annual RMD based on your account balance and age.
Understanding your RMD requirements is essential for retirement planning because failing to withdraw the correct amount can result in significant IRS penalties. Proper RMD planning also helps you manage your tax liability in retirement, as these withdrawals are generally taxed as ordinary income.
Use this calculator to project your RMDs for the next decade. Seeing how your required withdrawals change as you age can help you plan your retirement income strategy, including decisions about Social Security claiming, Roth conversions, and tax-efficient withdrawal sequencing.
The RMD is calculated by dividing your IRA balance by the IRS life expectancy factor corresponding to your age. The factor decreases as you age, resulting in larger required withdrawals over time.
Under the SECURE 2.0 Act, RMDs must begin at age 73 for those born between 1951 and 1959, and at age 75 for those born in 1960 or later.
Failure to take the full RMD amount results in a steep penalty — currently 25% of the amount not withdrawn, reduced to 10% if corrected within a timely manner.
Roth IRAs are not subject to RMDs during the original owner's lifetime. However, inherited Roth IRAs may be subject to RMD rules depending on the beneficiary's relationship to the deceased owner.
Yes, you can always withdraw more than your RMD amount. However, the excess cannot be applied to future years' RMD requirements. Each year's RMD is calculated independently based on that year's account balance.
If you have multiple Traditional IRAs, you must calculate the RMD for each account separately, but you can withdraw the total amount from any one or a combination of your IRAs. This provides flexibility in tax planning.