RMD Calculator
Calculate your Required Minimum Distribution from IRAs and 401k accounts for any year.
Enter Details
Results
Related Calculators
Frequently Asked Questions
What is an RMD and who must take one?
A Required Minimum Distribution (RMD) is the minimum amount the IRS requires you to withdraw from tax-deferred retirement accounts each year starting at age 73 (per SECURE 2.0 Act, effective 2023). Accounts requiring RMDs: Traditional IRAs, SEP IRAs, SIMPLE IRAs, 401k, 403b, and 457b plans. Roth IRAs do NOT require RMDs during the owner lifetime.
What happens if I miss my RMD?
Missing an RMD triggers a 25% excise tax on the amount not withdrawn (reduced to 10% if corrected within 2 years under SECURE 2.0). For a $20,000 missed RMD, the penalty is up to $5,000. The IRS does offer a penalty waiver process if the shortfall was due to reasonable error and you take corrective action promptly.
Can I take more than the RMD?
Yes — the RMD is a minimum, not a maximum. You can always withdraw more, though all withdrawals from traditional accounts are taxed as ordinary income. Consider a Roth conversion strategy: convert some traditional IRA funds to a Roth IRA before RMDs begin (ages 59.5-72) to reduce future RMDs and create tax-free income.