RMD Calculator
Calculate your Required Minimum Distribution from traditional IRAs, 401(k)s, and other retirement accounts to avoid the 25% penalty.
Tell us about yourself
Enter your age and account type to determine if RMDs are required.
Important Disclaimer
This calculator provides estimates based on IRS life expectancy tables. RMD rules can be complex, especially for inherited IRAs. The SECURE Act 2.0 has changed many RMD rules. This tool is for educational purposes and should not be considered tax advice.
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Understanding Required Minimum Distributions
When Do RMDs Begin?
The age to begin RMDs depends on your birth year:
- Born 1950 or earlier: Age 70½
- Born 1951-1959: Age 73
- Born 1960 or later: Age 75
First RMD must be taken by April 1 of the year after reaching RMD age. Subsequent RMDs are due by December 31 each year.
Penalty for Missed RMDs
25% Penalty
On the amount not withdrawn (reduced from 50% by SECURE 2.0)
Reduced to 10%
If corrected within 2 years
Accounts That Require RMDs
- • Traditional IRAs
- • SEP IRAs
- • SIMPLE IRAs
- • 401(k), 403(b), 457(b) plans
- • Profit-sharing plans
Note: Roth IRAs do NOT require RMDs during the owner's lifetime.
RMD Calculation Formula
The account balance is as of December 31 of the prior year. The life expectancy factor comes from IRS tables based on your age.
Need Help With Retirement Planning?
Our tax professionals can help you navigate RMD rules, minimize taxes on withdrawals, and optimize your retirement income strategy.