Retirement & Planning

Required Minimum Distribution (RMD) - Current Year

Use this calculator to determine your Required Minimum Distributions (RMD) as an account owner of a retirement account for the current year.

Inputs

Account balance (prior year-end)

Your age

Expected annual return

Estimates only. Adjust any value to recalculate instantly.

Results

Required minimum distribution $20,325 4.1% of the balance, at age 75

Account balance $500,000

Life expectancy factor 24.6 Uniform Lifetime Table

This year’s RMD $20,325

Monthly equivalent $1,693.77

RMD as a share of the balance

Stays invested $480k
Must withdraw $20k

Account balance Projected balance

Your RMD is the prior year-end balance divided by an IRS life-expectancy factor (24.6 at age 75). RMDs begin at 73 and are taxed as ordinary income; missing one carries a stiff penalty.

Projected RMDs by ageView table

Age	Life-expectancy factor	RMD	Year-end balance
75	24.6	$20,325	$508,455
76	23.7	$21,454	$516,222
77	22.9	$22,542	$523,300
78	22.0	$23,786	$529,484
79	21.1	$25,094	$534,654
80	20.2	$26,468	$538,677
81	19.4	$27,767	$541,565
82	18.5	$29,274	$543,028
83	17.7	$30,680	$543,090
84	16.8	$32,327	$541,409
85	16.0	$33,838	$538,025
86	15.2	$35,396	$532,786
87	14.4	$36,999	$525,534
88	13.7	$38,360	$516,405
89	12.9	$40,031	$504,956
90	12.2	$41,390	$491,380
91	11.5	$42,729	$475,570
92	10.8	$44,034	$457,428
93	10.2	$45,067	$437,103
94	9.5	$46,011	$414,558
95	9.0	$46,319	$390,333
96	8.4	$46,468	$364,496
97	7.9	$46,433	$337,148
98	7.3	$46,185	$308,421
99	6.9	$45,025	$279,200
100	6.4	$43,625	$249,709

How the required minimum distribution (rmd) - current year calculator works

It applies the IRS Uniform Lifetime Table factor for your current age to your prior year-end balance, giving this year’s required minimum withdrawal and its monthly equivalent.

Worked example

Worked example: with account balance (prior year-end) of $500,000, your age of 75 and expected annual return of 6.00%, the required minimum distribution (rmd) — current year shows required minimum distribution of $20,325.

Account balance: $500,000
Life expectancy factor: 24.6
This year’s RMD: $20,325
Monthly equivalent: $1,693.77

The formula

Current-year RMD = prior December 31 balance ÷ Uniform Lifetime Table factor for your age this year.

Results are estimates for educational purposes and are not financial advice. Confirm exact figures with your lender, plan administrator or advisor.

Frequently asked

Questions about the required minimum distribution (rmd) - current year

Which balance is my RMD based on?

The balance of your traditional retirement accounts as of December 31 of the previous year, divided by your age-based factor for the current year.

Can I take my RMD monthly?

Yes — you can withdraw it in any pattern (monthly, quarterly, or as a lump sum) as long as the full required amount is taken by year-end. The monthly figure is shown for convenience.

Do I have to take RMDs from every account?

You calculate an RMD for each account, but for IRAs you may take the total from any one or combination. Employer plans like 401(k)s generally require a separate RMD from each.

Is the Required Minimum Distribution (RMD) - Current Year free to use?

Yes. Every calculator on FinCalculators is completely free, with no sign-up, login or paywall. You can run as many scenarios as you like.

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