RMD Calculator

RMD Calculator

Calculate Required Minimum Distributions from your retirement accounts

Personal Information

years
years

Retirement Account Information

$
$
%
RMD Age Requirements:
• Born before July 1, 1949: RMDs begin at age 70½
• Born July 1, 1949 - Dec 31, 1959: RMDs begin at age 72
• Born after Dec 31, 1959: RMDs begin at age 73
• First RMD can be delayed until April 1 of the year after you reach RMD age

Required Minimum Distribution

$0
Your RMD for this year
December 31, 2024
RMD Deadline

RMD Analysis

Account Balance (Dec 31 Previous Year): -
Life Expectancy Factor: -
Distribution Period: -
Percentage of Account: -
Estimated Federal Tax (22%): -
After-Tax Amount: -

RMD Summary

$0
Total RMD
$0
Monthly Equivalent
$0
Remaining Balance
25
Years to Depletion

RMD Distribution Chart

Important RMD Rules & Deadlines

Key RMD Rules:
• RMDs must begin by April 1 of the year after you reach your RMD age
• Subsequent RMDs must be taken by December 31 each year
• RMDs are calculated using prior year-end account balance
• IRS life expectancy tables determine the distribution period
• Failure to take full RMD results in 25% penalty (reduced to 10% if corrected within 2 years)
Special Considerations:
• Still working at 73? You may delay 401(k) RMDs if you don't own 5%+ of the company
• Inherited IRAs have different rules and shorter distribution periods
• Roth IRAs don't require RMDs during the owner's lifetime
• Consider tax-efficient withdrawal strategies and charitable distributions
Important Disclaimer: This calculator provides estimates based on current IRS rules and life expectancy tables. RMD calculations can be complex, especially for inherited accounts or when multiple factors apply. Actual RMD amounts should be verified with your plan administrator, financial advisor, or tax professional. The penalty for failing to take required distributions is severe (25% of the shortfall), so ensure accuracy and timeliness of all distributions. Tax laws may change, and individual circumstances vary.

Key Features:

  • Multiple Calculation Types: Current year RMD, future projections, penalty calculator, multiple accounts
  • Accurate IRS Tables: Uses official Uniform Lifetime Table and Joint Life Table for calculations
  • Age-Based Rules: Automatically determines RMD start age based on birth date (70½, 72, or 73)
  • Spouse Considerations: Joint Life Table for spouses more than 10 years younger
  • Penalty Calculations: 25% penalty for missed or insufficient RMDs

Calculation Types:

  1. Current Year RMD: Calculate this year's required distribution
  2. Future Projections: 20-year projection of future RMDs
  3. Penalty Calculator: Calculate penalties for missed RMDs
  4. Multiple Accounts: Aggregate RMDs across multiple retirement accounts

Advanced Features:

  • Life Expectancy Factors: Official IRS distribution periods through age 115
  • Tax Estimates: Federal tax calculations and after-tax amounts
  • Deadline Tracking: Important RMD deadlines with special first-year rules
  • Account Depletion: Estimates how long accounts will last with RMDs
  • Visual Charts: Distribution breakdown and comparative analysis

Key RMD Rules Covered:

  • RMD Start Ages: 70½ for older births, 72 for mid-range, 73 for recent births
  • First Year Grace: April 1 deadline for first RMD, December 31 thereafter
  • Account Balance: Uses December 31 prior year balance
  • Multiple Accounts: Can aggregate IRAs but not employer plans
  • Penalty Structure: 25% on shortfall, reduced to 10% if corrected quickly

Visual Features:

  • Interactive Account Manager: Add/remove multiple retirement accounts
  • Projection Tables: 20-year schedule of future RMDs
  • Distribution Charts: Visual breakdown of withdrawals vs remaining balance
  • Deadline Alerts: Clear display of important RMD deadlines
  • Penalty Warnings: Highlighted alerts for missed distribution consequences

How to Use:

  1. Select calculation type (Current Year, Projections, Penalty, Multiple Accounts)
  2. Enter personal information (birth date, age, spouse age if applicable)
  3. Input retirement account details (type, balance, prior withdrawals)
  4. Review RMD calculation with life expectancy factors
  5. Analyze tax implications and future projections