Required Minimum Distribution (RMD) Calculator
Calculate your Required Minimum Distribution from traditional IRA and 401(k) accounts to avoid IRS penalties.
RMD Inputs
Required Withdrawal
🏧$18,868
Monthly Equivalent
📅$1,572
Account Balance
🏛️$500,000
Remaining After RMD
💰$481,132
AI Insights
Personalized analysis based on your inputs
RMD Deadline
RMDs must be taken by Dec 31 each year (the first one can be delayed to April 1 of the following year). Missing the deadline incurs a 25% IRS penalty on the shortfall. RMDs begin at age 73 under current law.
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Formula Used
Required Minimum Distribution
Variables
Factor= From the IRS Uniform Lifetime Table, based on ageExample
$500,000 / 26.5 (age 73 factor) = $18,868 RMD
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Disclaimer: This calculator is for informational and educational purposes only. Results are estimates based on inputs you provide. They are not financial, tax, investment, or legal advice. Consult a qualified financial professional before making financial decisions. Actual results may vary based on market conditions, tax laws, and individual circumstances.