Required Minimum Distribution (RMD) Calculator
Calculate your Required Minimum Distributions (RMDs) from retirement accounts and plan for tax-efficient withdrawals. This calculator incorporates the latest SECURE Act 2.0 changes to RMD rules.
Enter your retirement account details and click "Calculate RMDs" to see your required minimum distribution schedule.
About Required Minimum Distributions (RMDs)
What are RMDs?
Required Minimum Distributions (RMDs) are the minimum amounts you must withdraw annually from your retirement accounts once you reach a certain age. These withdrawals are generally taxable as ordinary income.
SECURE Act 2.0 Changes
The SECURE Act 2.0 of 2022 changed the RMD age requirements. If you were born in 1950 or earlier, RMDs begin at 70½. For those born 1951-1959, RMDs begin at 72. For those born 1960-1974, RMDs begin at 73. For those born in 1975 or later, RMDs will begin at 75.
Penalties for Missing RMDs
Failing to take your RMD can result in a penalty from the IRS. Under the SECURE Act 2.0, the penalty was reduced from 50% to 25% of the amount not taken, and can be further reduced to 10% if corrected in a timely manner.
Disclaimer: This calculator provides estimates based on current IRS rules and the information you provide. Actual RMD amounts may vary based on account performance and potential future changes to tax laws. This tool is for educational purposes only and does not constitute financial or tax advice. Consult with a financial professional or tax advisor for personalized guidance.