RMD calculator
Required minimum distribution
- Withdrawal this year
- $20,325
- Balance left after RMD
- $479,675
- Required minimum distribution
- $20,325
Based on the IRS Uniform Lifetime Table factor of 24.6 for age 75. A different table applies when your sole beneficiary is a spouse more than 10 years younger.
The short answer
Your required minimum distribution is last year's 31 December account balance divided by the IRS life expectancy factor for your age. Enter both below to see the amount you must withdraw this year.
Who has to take an RMD
Traditional IRA, SEP and SIMPLE IRA holders from age 73.
401(k), 403(b) and 457(b) holders, unless still working for that employer.
Inherited accounts, under separate beneficiary rules.
Roth IRAs are exempt during the original owner's lifetime.
What happens if you miss it
The penalty for missing an RMD is 25% of the shortfall, cut to 10% if you correct it promptly. Most custodians can automate the withdrawal so the deadline never sneaks up on you.
The formula
RMD = prior-year 31 December balance ÷ IRS Uniform Lifetime Table factor for your age.
FAQ
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