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The IRS requires you to withdraw a minimum amount from your traditional IRA, 401(k), and most other retirement accounts each year starting at age 73. The RMD is calculated by dividing your account balance by a life expectancy factor from the IRS Uniform Lifetime Table.
Review the inputs carefully and treat the output as an estimate. For decisions involving money, taxes, health, law, or security, compare the result with trusted professional guidance when needed.
What happens if I miss an RMD?
The penalty for failing to take an RMD is 25% of the amount not distributed (reduced to 10% if corrected within 2 years).
Do Roth IRAs have RMDs?
Roth IRAs do not require RMDs during the original owner's lifetime. However, inherited Roth IRAs are subject to RMD rules.
IRA Calculator
Project your traditional IRA balance and estimate after-tax value at retirement.
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Project your 401(k) balance at retirement including employer matching contributions.
Open toolRetirement Calculator
Project your retirement savings and estimate monthly withdrawals using the 4% rule.
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