Required Minimum Distribution (RMD) Calculator
Calculate your required minimum distributions from 401(k), IRA, and other retirement accounts
About this calculator
The Required Minimum Distribution (RMD) Calculator helps retirees determine the mandatory annual withdrawals from their tax-deferred retirement accounts. Starting at age 73, the IRS requires you to withdraw a minimum amount each year from 401(k)s, traditional IRAs, and other qualified retirement plans to avoid hefty penalties. This calculator uses your current age, account balance, and IRS life expectancy tables to compute your exact RMD amount, ensuring compliance with federal tax regulations while helping you plan your retirement income strategy effectively.
How to use
Enter your current age, total retirement account balance as of December 31st of the previous year, and select your account type. The calculator will automatically apply the appropriate IRS Uniform Lifetime Table or other relevant tables to determine your required minimum distribution amount for the current tax year.
Frequently asked questions
When do I need to start taking RMDs?
You must begin taking RMDs by April 1st of the year after you turn 73, then annually by December 31st thereafter.
What happens if I don't take my full RMD?
The IRS imposes a 25% penalty on any RMD amount not withdrawn, making compliance essential for retirement planning.
Do Roth IRAs require minimum distributions?
No, Roth IRAs do not require RMDs during the owner's lifetime, only traditional IRAs and employer-sponsored retirement plans.