Required Minimum Distributions Calculator
Calculate required minimum distributions from traditional retirement accounts.
Calculator
Required minimum distribution
$20,325.2
Distribution factor
24.60
Account balance
$500,000
What is rmd?
Required Minimum Distributions (RMDs) are mandatory withdrawals from traditional IRAs, 401(k)s, and other pre-tax retirement accounts starting at age 73.
Example
A 75-year-old with $500,000 in a traditional IRA must withdraw about $19,531 this year (using the IRS Uniform Lifetime Table factor of 25.6).
Money-saving tips
- •Missed RMDs carry a 25% penalty — set up automatic withdrawals.
- •You can withdraw more than the minimum if needed.
- •Consider Roth conversions before RMDs begin to reduce future taxable income.
Common mistakes
- •Forgetting to take the RMD and facing the 25% penalty.
Financial definitions
- Uniform Lifetime Table
- IRS table used to calculate RMDs based on age.
Frequently asked questions
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Estimated reading time: 5 min