RMD Calculator
Once a person reaches the age of 73, the IRS requires retirement account holders to withdraw a minimum amount of money each year—this amount is referred to as the Required Minimum Distribution (RMD). This calculator calculates the RMD depending on your age and account balance. The calculations are based on the IRS Publication 590-B, so the calculator is intended for residents of the United States only.
Modify the values and click the calculate button to use
If you only withdraw the RMD at the end of each year and your return rate is 0% per year, your future account balance and RMDs will look like the following.
RMD Calculator: Plan Your Required Minimum Distributions
The RMD (Required Minimum Distribution) Calculator helps retirement account holders determine the minimum amount they must withdraw annually from tax-deferred retirement accounts once they reach age 73, as mandated by the IRS.
Key Features:
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Calculates your exact RMD amount based on IRS life expectancy tables
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Accounts for different beneficiary situations (including spousal beneficiaries)
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Projects future RMDs and account balances based on estimated returns
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Provides clear breakdown of the calculation formula
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Designed according to IRS Publication 590-B guidelines
Who Should Use This:
✔ Individuals aged 73+ with traditional IRAs, 401(k)s, 403(b)s, or other qualified plans
✔ Those planning their retirement withdrawal strategy
✔ Beneficiaries inheriting retirement accounts
✔ Financial advisors assisting clients with RMD planning
How It Works:
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Enter your birth year and the year you’re calculating for
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Input your account balance as of December 31 of the previous year
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Specify beneficiary information (if applicable)
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Add optional rate of return for future projections
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Get your precise RMD amount with detailed explanation
Note: This calculator is designed for U.S. taxpayers and follows current IRS regulations. Requirements may change, so consult a tax professional for personalised advice.