RMD Calculator
Calculate your Required Minimum Distributions from retirement accounts using the latest IRS guidelines.
First year for RMDs! Deadline is April 1st of next year.
Your Information
Life expectancy factor: 27.4
For tax estimate purposes
Retirement Accounts
2024 RMD Results
Enter account details to calculate RMD
Important RMD Deadlines
First RMD
Must be taken by April 1st of the year following the year you turn 72
Annual RMDs
Must be taken by December 31st of each year thereafter
Penalty
50% penalty on any RMD amount not withdrawn on time
RMD Rules & Guidelines
What Accounts Require RMDs?
- ✓Traditional 401(k), 403(b), 457(b)
- ✓Traditional IRAs
- ✓SEP-IRAs and SIMPLE IRAs
- ✓Rollover IRAs
- ✗Roth IRAs (during owner`'`s lifetime)
Key Points
- •RMDs are based on Dec 31st account balances
- •Use IRS Uniform Lifetime Table
- •RMDs are taxed as ordinary income
- •Can withdraw more than the minimum
- •Consider QCDs for tax benefits
About This RMD Calculator
This Required Minimum Distribution (RMD) calculator uses the current IRS Uniform Lifetime Table to determine your minimum required withdrawals from tax-deferred retirement accounts. The calculator is updated for 2024 and includes the latest RMD rules under the SECURE Act.
RMDs ensure that you eventually pay income tax on tax-deferred retirement savings. The amount is calculated by dividing your account balance by a life expectancy factor from IRS tables. Our calculator handles multiple accounts and provides tax estimates to help you plan your withdrawals.
Important: This calculator is for informational purposes only. RMD rules can be complex, especially for inherited IRAs or if you have a spouse who is more than 10 years younger. Consult with a qualified tax professional or financial advisor for personalized advice.