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Required Minimum Distribution Calculator

Required Minimum Distribution (RMD)

The IRS requires that you withdraw a minimum amount — known as a required minimum distribution — from IRAs, 401(k)s and other types of retirement accounts annually, starting at a certain age. Determining how much you are required to withdraw is an important issue in retirement planning. Use this calculator to determine your required minimum distributions. UPDATE: The CARES Act eliminates the requirement to take an RMD for 2020. (You can still do so if you want). You can use this calculator to estimate your RMD for 2021, but you will have to estimate your account balance as of the end of 2020 — a difficult guess at best.

Information and interactive calculators are made available to you as self-help tools for your independent use and are not intended to provide investment advice. We cannot and do not guarantee their applicability or accuracy in regards to your individual circumstances. All examples are hypothetical and are for illustrative purposes. We encourage you to seek personalized advice from qualified professionals regarding all personal finance issues.

For more answers about RMDs this year, see IRA expert Ed Slott’s column on RMDs

 Updated April, 16, 2020

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