RMD Calculator
Calculate Required Minimum Distributions from retirement accounts
$
Total IRA/401(k) balance as of Dec 31
years
Range: 70 - 100
Required Minimum Distribution
$18,867.92
This year's RMD
Distribution Period
26.5
IRS life expectancy
Percentage of Balance
3.77%
Withdrawal rate
RMD Calculation
Account Balance (Dec 31 prior year)$500,000.00
Your Age73
Distribution Period (from IRS table)26.5 years
RMD = Balance ÷ Distribution Period$18,867.92
RMD Schedule
| Age | Account Balance | RMD | Monthly |
|---|---|---|---|
| 73 | $500,000.00 | $18,867.92 | $1,572.33 |
| 74 | $481,132.08 | $18,867.92 | $1,572.33 |
| 75 | $462,264.15 | $18,791.23 | $1,565.94 |
| 76 | $443,472.93 | $18,711.94 | $1,559.33 |
| 77 | $424,760.99 | $18,548.51 | $1,545.71 |
| 78 | $406,212.47 | $18,464.20 | $1,538.68 |
| 79 | $387,748.27 | $18,376.70 | $1,531.39 |
| 80 | $369,371.57 | $18,285.72 | $1,523.81 |
| 81 | $351,085.85 | $18,097.21 | $1,508.10 |
| 82 | $332,988.64 | $17,999.39 | $1,499.95 |
Note: This projection assumes no investment growth and that RMDs are withdrawn annually.
Tax Estimate (22% bracket)
$4,150.94
Federal tax on RMD
After-Tax Amount
$14,716.98
Assuming 22% tax rate
RMD by Account Balance
| Account Balance | Annual RMD | Monthly |
|---|---|---|
| $250,000.00 | $9,433.96 | $786.16 |
| $500,000.00 | $18,867.92 | $1,572.33 |
| $750,000.00 | $28,301.89 | $2,358.49 |
| $1,000,000.00 | $37,735.85 | $3,144.65 |
| $1,500,000.00 | $56,603.77 | $4,716.98 |
| $2,000,000.00 | $75,471.70 | $6,289.31 |
SECURE 2.0 Act RMD Age Changes
- Born before 1949: RMDs started at age 70.5
- Born 1949-1950: RMDs start at age 72
- Born 1951-1959: RMDs start at age 73
- Born 1960 or later: RMDs start at age 75
Important RMD Rules
- RMDs must begin by April 1 of the year after you reach your RMD age
- Roth IRAs do not require RMDs during the owner's lifetime
- Roth 401(k)s no longer require RMDs (starting 2024)
- The penalty for not taking an RMD is 25% of the amount not withdrawn (reduced from 50%)
- Use the IRS Uniform Lifetime Table for calculations (or Joint Life Table if spouse is sole beneficiary and more than 10 years younger)
Related Tools
401(k) Calculator
Plan your 401(k) retirement savings
IRA Calculator
Plan your IRA retirement savings
Retirement Calculator
Plan for retirement savings
Compound Interest Calculator
Calculate how investments grow over time
Simple Interest Calculator
Calculate simple interest on loans or investments
Daily Compound Interest
Calculate daily compounding interest