Use this calculator to help estimate how much your lifetime Required Minimum Distribution (RMD) would be this year based on your age and the value of your traditional IRA and non-Roth retirement accounts as of December 31 last year. This calculator does not apply to inherited IRAs or retirement accounts.
Based on the information you provided, the estimated required minimum distribution is shown below.
Required minimum distributions generally must begin no later than April 1 of the year following the year in which you turn 73 (for individuals who reach age 72 after December 31, 2022). If you attained age 72 in 2022 or earlier, you are already required to take annual RMDs. RMDs must be taken by December 31 of each year thereafter.
This calculator uses the factors from the IRS's Uniform Lifetime Table. If your spouse is your sole beneficiary and is more than 10 years younger than you, an alternate calculation, which may result in lower RMD amounts, should be used.
This chart shows the portion of your account(s) that you would be required to withdraw this year based on the information you provided.
This calculator is intended only to provide an estimate of your RMD. Your actual RMD may be affected by additional factors, including but not limited to the type of retirement plan and whether you are retired, that can affect your actual RMD.
This hypothetical example is used for illustrative purposes only. Actual results will vary.
This information is not intended as tax, legal, investment, or retirement advice or recommendations, and it may not be relied on for the purpose of avoiding any federal tax penalties. You are encouraged to seek guidance from an independent tax or legal professional. The content is derived from sources believed to be accurate. Neither the information presented nor any opinion expressed constitutes a solicitation for the purchase or sale of any security.
This material was written and prepared by Broadridge Advisor Solutions. © 2024 Broadridge Financial Solutions, Inc.
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