RMD (Required Minimum Distribution) Calculator
Annual RMD = prior year-end balance ÷ IRS Uniform Lifetime Table divisor. SECURE 2.0 Act 2023 set RMD start age 73 (75 from 2033).
Result
- Prior year-end balance$500,000
- Your age this year73
- Table usedUniform Lifetime (Table III)
- IRS divisor26.50
- Required minimum distribution$18,868
- RMD as % of balance3.774%
- RMD start-age statusRMD is required (you're 73-74 — current start age is 73).
- Penalty for under-withdrawIRS excise tax: 25% of the shortfall (reduced to 10% if corrected within 2 years). SECURE 2.0 dropped from 50%.
- DeadlineEach year by Dec 31 (first-year RMD may be deferred to April 1 of following year).
Step-by-step
- Look up divisor for age 73 in IRS Uniform Lifetime Table → 26.50.
- RMD = balance / divisor = $500,000 / 26.50 = $18,868.
- Equivalent: 3.774% of the prior year-end balance must be withdrawn this year.
How to use this calculator
- Find your Dec 31 prior-year balance from your most recent 1099-R or year-end statement.
- Enter your age this calendar year — not at the start of the year, but on or after your birthday.
- For most retirees, leave the Joint Life toggle OFF — Uniform Lifetime Table is the default.
- The dollar amount shown must be withdrawn by Dec 31 (or Apr 1 of the following year for your first RMD).
About this calculator
Required Minimum Distributions force Traditional-IRA and 401(k) holders to start withdrawing (and paying tax on) a portion of their tax-deferred balance every year starting at age 73 (per SECURE 2.0 Act 2022; the start age rises to 75 in 2033 for those born after 1959). The annual RMD = prior-year-end balance ÷ life-expectancy divisor from the IRS Uniform Lifetime Table (Pub 590-B Appendix B Table III). The divisor decreases each year (longer-tail life expectancy), so the required percentage of withdrawal slowly increases. At age 73: ~3.77% (1/26.5); at age 80: ~4.95%; at age 90: ~8.20%. Roth IRAs have NO RMD (a major estate-planning advantage). 401(k) RMDs are calculated per-plan, but Traditional-IRA RMDs may be aggregated (you can pull the total from any single IRA). The penalty for missing the RMD is a 25% excise tax (or 10% if corrected within two years) — historically 50% before SECURE 2.0.