Required Minimum Distribution (RMD) Calculator | Retirement Withdrawal Calculator
Calculate your Required Minimum Distribution (RMD) from retirement accounts like Traditional IRAs, 401(k)s, and other qualified plans with our easy-to-use calculator.
Category: Financial
Enter Your Information
Your RMD Results
Required Minimum Distribution:
$19,531
Distribution Period:
25.6 years
10-Year RMD Projection
- Required Distribution
- Account Balance
| Age | RMD | Account Balance |
|---|---|---|
| 72 | $19,531 | $500,000 |
| 73 | $20,425 | $504,492 |
| 74 | $21,356 | $508,271 |
| 75 | $22,326 | $511,261 |
| 76 | $23,336 | $513,382 |
| 77 | $24,271 | $514,548 |
| 78 | $25,359 | $514,791 |
| 79 | $26,354 | $513,903 |
| 80 | $27,376 | $511,927 |
| 81 | $28,423 | $508,779 |
Frequently Asked Questions
What is a Required Minimum Distribution (RMD)?
A Required Minimum Distribution (RMD) is the minimum amount you must withdraw from your retirement accounts each year once you reach a certain age (currently 73 for those born between 1951-1959, and 75 for those born in 1960 or later). RMDs apply to traditional IRAs, 401(k)s, and other qualified retirement plans.
How are RMDs calculated?
RMDs are calculated by dividing your retirement account balance as of December 31 of the previous year by a life expectancy factor provided by the IRS. The factor is based on your age and can be found in the IRS Uniform Lifetime Table.
What happens if I don't take my RMD?
If you fail to take your full RMD, the amount not withdrawn is subject to a 25% excise tax (reduced to 10% if corrected in a timely manner). This penalty is among the highest in the tax code, making it important to calculate and withdraw RMDs correctly.
Can I take more than my RMD?
Yes, you can always withdraw more than the required minimum. RMDs are just that—minimums. However, taking more than required might impact your tax situation and long-term retirement strategy, so consider consulting with a financial advisor.