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RMD Calculator

Estimate your Required Minimum Distribution (RMD): the amount you must withdraw each year from tax-deferred retirement accounts once you reach the required age.

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RMD Calculator

Calculate your Required Minimum Distribution (RMD) for 2024

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Your 2024 RMD
Minimum mandatory withdrawal amount
Life Expectancy
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Remaining Balance
$0
Monthly Payout
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RMD vs Portfolio Balance

A Required Minimum Distribution (RMD) is the smallest amount US rules require you to withdraw each year from tax-deferred retirement accounts once you reach the set age. This calculator estimates the year's RMD from your account balance and the official life-expectancy divisor for your age.

How to use this calculator

  • Enter your age (the age you reach in the distribution year).
  • Enter the account balance at the end of the previous year.
  • Press calculate to see this year's required minimum amount.

Missing an RMD is expensive

Withdraw less than required and the shortfall can attract a penalty on top of the tax already owed, though recent rules softened the penalty and allow correction. Many people withdraw exactly the RMD; others take more for planned spending or tax-bracket management, which the estimate here helps size.

Frequently asked questions

At what age do RMDs start?
Recent US law sets the start in the early seventies, with the exact age depending on your birth year, and it has changed more than once. Confirm the current rule for your birth year.
Which accounts have RMDs?
Traditional IRAs and most employer retirement plans. Roth IRAs generally have no RMD during the owner's lifetime under current rules.
How is the RMD worked out?
Previous year-end balance divided by a life-expectancy factor from official tables for your age. The factor shrinks as you age, so the required share rises.