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RMD Calculator — Required Minimum Distribution
Calculate your Required Minimum Distributions from Traditional IRAs and 401(k)s starting at age 73. Avoid 50% IRS penalties and plan your retirement withdrawals.
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How to use RMD Calculator — Required Minimum Distribution
Avoid costly IRS penalties by calculating your Required Minimum Distributions correctly. Plan your retirement account withdrawals from age 73 or 75 through your lifetime.
- 1Enter your current age and applicable RMD start age.
- 2Input your current retirement account balance.
- 3Set expected investment return rate for projection.
- 4Select account type (Traditional IRA, 401(k), etc.).
- 5Review your RMD schedule and annual withdrawal amounts.
Common Use Cases
- Calculate your first RMD amount before age 73 to prepare for withdrawals
- Plan tax-efficient strategies by combining RMDs with other income sources
- Avoid the 50% penalty by knowing exactly how much you must withdraw each year
Pro Tips
- Consider Qualified Charitable Distributions (QCDs) to satisfy RMDs tax-free if you're charitably inclined.
- Roth IRAs have no RMDs during the owner's lifetime — consider Roth conversions before RMD age.
Frequently Asked Questions
For those born 1951-1959, RMDs must begin at age 73. For those born in 1960 or later, RMDs start at age 75. Your first RMD is due by April 1 of the year after you reach RMD age.
The IRS imposes a 50% excise tax on the RMD amount that should have been withdrawn but wasn't. This is one of the steepest penalties in the tax code!
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