Required Minimum Distribution (RMD) Calculator
Calculate your annual RMD from traditional IRAs, 401(k)s, and other retirement accounts
Understanding Required Minimum Distributions
The IRS Uniform Lifetime Table assigns a distribution period to each age, which decreases over time — requiring you to withdraw a larger percentage of your balance each year.
Guide
How it works
Required Minimum Distributions (RMDs) are the minimum amounts the IRS requires you to withdraw annually from traditional IRAs, 401(k)s, 403(b)s, and most other tax-deferred retirement accounts starting at age 73 (per SECURE 2.0 Act).
Formula: RMD = Account Balance ÷ Distribution Period (from IRS Uniform Lifetime Table)
The distribution period decreases as you age, meaning the percentage you must withdraw increases each year. Missing an RMD results in a 25% excise tax on the amount not withdrawn (reduced from 50% by SECURE 2.0).
What happens if I miss my RMD deadline?expand_more
Missing an RMD triggers a 25% excise tax (reduced from 50% by the SECURE 2.0 Act) on the amount you should have withdrawn but didn't. The IRS may waive this penalty under specific circumstances, but it's important to take RMDs on time. The deadline is December 31, except for your first RMD which can be delayed until April 1 of the following year.
Do Roth IRAs have RMDs?expand_more
No! Roth IRAs do not have RMDs during the original account owner's lifetime. This is one of the major advantages of Roth accounts — your money can continue growing tax-free as long as you live. However, inherited Roth IRAs are subject to RMD rules for beneficiaries.
Can I withdraw more than the RMD?expand_more
Yes, you can always withdraw more than the RMD amount. The RMD is the minimum required — not a maximum. However, withdrawals beyond the RMD are still subject to ordinary income tax (and potentially the 10% early withdrawal penalty if under 59½).
What if I have multiple retirement accounts?expand_more
If you have multiple IRAs, you calculate an RMD for each, but you can take the total from any one IRA or combination of IRAs. For 401(k)s and 403(b)s, however, you must calculate and take separate RMDs from each individual plan.
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