RMD Calculator (Required Minimum Distribution)

Use our RMD calculator to accurately determine your legal Required Minimum Distributions. The IRS requires that you withdraw at least a minimum amount – known as a Required Minimum Distribution – from your retirement accounts annually, starting the year you turn age 70-1/2. Determining how much you are required to withdraw is an important issue in retirement planning. Retirement plan participants are responsible for taking the correct amount of RMDs on time every year from their accounts, and they face stiff penalties for failure to take RMDs. If an account owner fails to withdraw a RMD, fails to withdraw the full amount of the RMD, or fails to withdraw the RMD by the applicable deadline, the amount not withdrawn is taxed at 50%.

Using the RMD Calculator

Enter your own information into the required minimum distribution (RMD) calculator. You can easily change the inputs to see what the impact will be. Areas highlighted in red will need to be filled in in order for the calculator to produce meaningful results. You can produce a full detailed report to see a year-by-year break down of your projected required minimum distributions over your remaining life expectancy and how the RMD impacts your remaining 401k balance. Our many other 401k planning calculators including the 401k or Roth 401k Calculator complement the RMD calculator and will help you further refine your retirement planning.

Information and the interactive RMD calculator are made available to you as self-help tools for your independent use and are not intended to provide investment advice. We cannot and do not guarantee their applicability or accuracy in regards to your individual circumstances. All examples are hypothetical and are for illustrative purposes. We encourage you to seek personalized advice from qualified professionals regarding all personal finance issues.