RMD Calculator
This calculator computes the Required Minimum Distribution (RMD) of your retirement accounts. It also predicts future...
What RMD Calculator does
The RMD Calculator determines the Required Minimum Distribution from retirement accounts once an account holder reaches age 73. Users input their year of birth, account balance as of the prior December 31, and whether their spouse is the primary beneficiary, along with their spouse's date of birth if applicable. The tool applies IRS Publication 590-B factors to calculate the minimum withdrawal amount and projects future account balances and RMDs based on an optional estimated rate of return. The results include the distribution period used and show how balances change over time if only the RMD is withdrawn each year.
How to use the Calculator.net RMD Calculator
- 1
Enter your year of birth to determine your first RMD year
- 2
Input your account balance as of December 31 of the prior year
- 3
Indicate if your spouse is the primary beneficiary and provide their date of birth if yes
- 4
Optionally enter an estimated rate of return to see projected future balances and RMDs
- 5
View the calculated RMD amount, distribution period, and resulting account balance projections
Best for
This tool suits U.S. retirement account holders age 73 or older who need to calculate their IRS-mandated minimum withdrawal and visualize how different account sizes and return rates affect long-term balances.
Limitations
- Calculations are based on IRS Uniform Lifetime Table and are intended for U.S. residents only
- Results assume the optional estimated rate of return is accurate and may differ from actual market performance
- Spousal beneficiary calculations require additional input and may produce different distribution periods than the standard table
RMD Calculator FAQ
- What is the Required Minimum Distribution and when must I start taking it?
- The RMD is the minimum amount the IRS requires you to withdraw each year from most retirement accounts starting in the year you turn 73. The calculator uses your age and account balance to determine this amount based on IRS Publication 590-B.
- How does the calculator handle a spouse as the primary beneficiary?
- If your spouse is the primary beneficiary, you must provide their date of birth. The tool then uses the Joint Life Table factor, which typically results in a longer distribution period and a lower RMD compared to the standard Uniform Lifetime Table.
- Can I use this calculator for accounts other than IRAs?
- The calculator is designed for traditional IRAs, 401(k)s, and similar qualified retirement accounts that follow IRS RMD rules. It is intended for U.S. residents only per the site's guidelines.
- What do the future balance projections show?
- The projections assume you withdraw only the RMD at the end of each year and that the estimated rate of return is earned on the remaining balance. They illustrate how your account value and RMD amounts may change over time based on those assumptions.
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