Finance & Economics / Personal Finance
Required Minimum Distribution (RMD) Calculator
About Required Minimum Distributions (RMDs)
What are RMDs? The IRS requires you to withdraw a minimum amount from tax-deferred retirement accounts starting at age 72 (73 if born in 1960 or later).
RMD Calculation: RMD = Account Balance (Dec 31 prior year) ÷ Life Expectancy Factor
Key Rules:
- RMDs must be taken by December 31 each year
- First RMD can be delayed until April 1 of the following year
- Failure to take RMD results in 25% penalty (reduced to 10% if corrected within 2 years)
- Roth IRAs do NOT require RMDs during owner's lifetime
- Each retirement account requires separate RMD calculation
Accounts Subject to RMDs:
- Traditional IRAs
- SEP IRAs
- SIMPLE IRAs
- 401(k), 403(b), 457(b) plans
- Inherited Roth IRAs (not original owner's Roth IRA)
Note: This calculator uses the IRS Uniform Lifetime Table. Consult a tax professional for your specific situation, especially for inherited accounts or if your spouse is more than 10 years younger.
Use this required minimum distribution (rmd) calculator to compute personal finance results from your inputs.
Formula
RMD = Account balance / Distribution period factor Age 73: 26.5, Age 75: 24.6, Age 80: 20.2, Age 85: 16.0, Age 90: 12.2, Age 95: 9.1 Penalty for not taking = (RMD - Amount withdrawn) × 0.25