RMD Calculator 2024 — Required Minimum Distribution

Calculate your Required Minimum Distribution from a Traditional IRA or 401(k). Uses the IRS Uniform Lifetime Table (updated 2022).

Your Account Details

Account Balance on Dec 31 Prior Year ($) Use the balance as of December 31 of the previous year

Your Age RMDs begin at age 73 (SECURE 2.0)

Expected Annual Portfolio Growth (%) For future RMD projection

Marginal Tax Rate (%) Federal tax on RMD withdrawal

What is a Required Minimum Distribution (RMD)?

The IRS requires you to withdraw a minimum amount from your Traditional IRA, 401(k), 403(b), and other pre-tax retirement accounts each year starting at age 73 (per the SECURE 2.0 Act of 2022).

How is the RMD Calculated?

RMD = Account Balance on Dec 31 of Prior Year ÷ Distribution Period

The Distribution Period comes from the IRS Uniform Lifetime Table (Publication 590-B). This calculator uses the updated table effective 2022.

Key RMD Rules

RMDs begin at age 73 (was 72 before SECURE 2.0, 70½ before SECURE Act)
Roth IRAs have NO RMDs during your lifetime
Missing an RMD triggers a 25% excise tax on the amount not withdrawn (reduced from 50% by SECURE 2.0)
You can take more than the RMD — just not less
You can aggregate IRA RMDs and withdraw from any IRA, but 401(k) RMDs must come from each account separately
First RMD can be delayed to April 1 of the following year (but you'll take 2 RMDs that year)

Note: This calculator uses the IRS Uniform Lifetime Table and is for educational purposes only. Consult a financial advisor or tax professional for personalized guidance.