Required Minimum Distribution Calculator

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How do I calculate age 70½ required distributions?

This calculator determines the Required Minimum Distribution (RMD) amount needed to be distributed this year.

The Worker, Retiree, and Employer Recovery Act of 2008 waives the RMD requirement with respect to owners and beneficiaries of IRAs and qualified retirement plan accounts for 2009. Most IRA owners and beneficiaries that were previously required to receive a minimum distribution for 2009 are not required to take it. However, any individual who first became required to receive an RMD during 2008 (payable by April 1, 2009) is still required to receive that 2008 RMD.

Assets in your retirement plans can't grow tax-deferred indefinitely. In fact, once you reach age 70½, federal law requires you to withdraw at least a minimum amount each year from your tax-deferred retirement savings. This is known as an RMD. Click here to learn more about RMDs.

After you've entered your information below, click the "Calculate" button to determine your RMD amount.

Required Minimum Distribution Calculator
What is your date of birth?	/ /
What was your IRA balance on December 31?	$
How much have you taken in year-to-date distributions?	$
How much in outstanding contributions do you still have to contribute?¹	$
Are either of the following cases true? Has your spouse been the SOLE primary beneficiary for the entire calendar year AND is he/she more than ten years younger than you? Is the beneficiary a QUALIFIED trust AND has your spouse been the SOLE primary beneficiary of that trust for the entire calendar year AND more than ten years younger than you?	No Yes
What is your spouse's date of birth?	/ /

¹An outstanding contribution pertains to multi-year rollovers, direct transfers and direct rollovers. You will need to increase the year-end balance (FMV) of your account by the amount received when you move tax free funds if the funds were received in the current year but distributed from the other plan or account in the previous year. This is true whether the transaction was a rollover from an IRA or qualified plan (such as a 401(k) and 403(b)), a direct transfer from another IRA, or a direct rollover from a qualified plan. In essence, you will need to increase your December 31 FMV by the amount that was transferred or rolled over and not included in the December 31 value of either account.

The calculations provided are for illustration purposes only and are not intended to represent the actual amount you can withdraw from your tax-deferred savings once you turn age 70½. The calculation is not intended to provide specific advice to any individual. Please consult a tax advisor before taking withdrawals from a qualified plan or IRA.