RMD Calculator

The RMD age is currently 73 for individuals born between 1951 and 1959, and will increase to 75 for those born in 1960 or later. If you turned 72 before 2023, you must continue taking RMDs under the previous rules. Use our RMD calculator to determine your specific required minimum distribution age and amounts.

The RMD calculation divides your December 31 account balance by a life expectancy factor from the IRS Uniform Lifetime Table. For example, at age 75, the distribution period is 24.6 years, so your RMD would be your account balance divided by 24.6. Our RMD calculator automatically applies the correct IRS life expectancy factors for accurate required minimum distribution estimates.

If you fail to take your full RMD by the deadline (typically December 31), the IRS imposes a significant penalty of 25% of the amount not withdrawn (reduced from 50% under recent legislation). It’s crucial to calculate and withdraw your required minimum distribution accurately each year to avoid these substantial penalties.

Roth IRAs are not subject to RMD rules during the original owner’s lifetime. However, inherited Roth IRAs do require RMDs for beneficiaries. Traditional IRAs, 401(k)s, and other qualified retirement plans are subject to required minimum distribution requirements starting at the appropriate age.

Yes, you can always withdraw more than your required minimum distribution. The RMD represents only the minimum amount you must withdraw to avoid penalties. Many retirement planning strategies involve careful consideration of whether to take only the RMD or additional distributions based on your financial needs and tax situation.

Inherited retirement accounts have different RMD rules based on your relationship to the original owner and when the inheritance occurred. The SECURE Act changed many inheritance rules, requiring most non-spouse beneficiaries to withdraw all funds within 10 years. Spouses have more options, including treating the account as their own.