Retirement & Planning

Required Minimum Distribution (RMD)

Use this calculator to determine your Required Minimum Distributions (RMD) as an account owner of a retirement account. This financial calculator will also look at potential future year's distribution requirements.

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) calculator works

It divides your prior year-end balance by the IRS Uniform Lifetime Table factor for your age — a number that shrinks as you get older — to give the minimum you must withdraw this year.

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) calculator 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

RMD = prior year-end balance ÷ life expectancy factor (from the IRS Uniform Lifetime Table for your age).

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)

When do RMDs start?

At age 73 under current law (SECURE 2.0). You must take the first by April 1 of the year after you turn 73, and one each year thereafter.

What happens if I miss an RMD?

The penalty is steep — historically 50%, now 25% (or 10% if corrected promptly) of the amount you failed to withdraw. Always take at least the required minimum.

Are RMDs taxed?

Yes — withdrawals from traditional accounts are taxed as ordinary income. Roth IRAs have no RMDs for the original owner, a key planning advantage.

Is the Required Minimum Distribution (RMD) 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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