After a certain age, the IRS requires minimum withdrawals. Estimate this year's.
A required minimum distribution (RMD) calculator estimates the minimum you must withdraw this year from a traditional retirement account, using the IRS Uniform Lifetime Table.
Once you reach the RMD age (73 under current rules), the IRS requires you to withdraw a minimum each year from traditional IRAs and 401(k)s, so the tax-deferred money is eventually taxed. The RMD equals your prior year-end balance divided by a distribution period from the IRS Uniform Lifetime Table, which shrinks as you age, raising the required percentage.
Missing an RMD triggers a steep penalty, so it's important to take at least the minimum by the deadline. Roth IRAs have no RMDs during the owner's lifetime, an advantage of Roth accounts. Some retirees withdraw more than the minimum or use qualified charitable distributions to manage taxes. This is an estimate, not tax advice.
Under current rules, at age 73. The required amount is your prior year-end balance divided by an IRS life-expectancy factor.
Prior year-end balance divided by the distribution period for your age from the IRS Uniform Lifetime Table. The calculator applies it for you.
Roth IRAs have no RMDs during the owner's lifetime. Roth 401(k)s no longer require them either under recent rules.
See the exact formula and a worked example on our methodology page.