Required Minimum Distribution (RMD) - Current Year

Use this calculator to determine your current Required Minimum Distribution (RMD). The IRS requires that you withdraw at least a minimum amount, known as a required minimum distribution, from some types of retirement accounts annually. When you are required to start taking distributions is determined by the year you were born.

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For more information about these financial calculators please visit: Financial Calculators from KJE Computer Solutions, Inc.

By changing any value in the following form fields, calculated values are immediately provided for displayed output values. Click the view report button to see all of your results.

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Your required minimum distribution is KJE2.

Updated for the SECURE Act and CARES Act

*indicates required.

Plan Information:

Year of RMD:*This entry is required.Enter an amount between 2010 and 2040

Amount Subject to RMD:*This entry is required.Enter an amount between $0.00 and $1,000,000,000.00

Owner's birthdate:*This entry is required.Please enter a valid date for Owner's birthdate

Is sole beneficiary a spouse?:

Check here

Beneficiary's birthdate:*This entry is required.Please enter a valid date for Beneficiary's birthdate

**FIG_GRAPHTITLE** Stacked Column Graph: Please use the calculator's report to see detailed calculation results in tabular form.

Required minimum distribution for KJE1

Definitions

Calculation notes

This calculator has been updated for 2024 to include 'SECURE 2.0' and IRS Notices from 2023 and 2024. SECURE 2.0 increases the age of Required Minimum Distribution (RMD) for account owners. Secure 2.0 did not change how the RMD is calculated; it only changed the age that they start. These rules took effect January 1^st, 2023.

Required Minimum Distribution (RMD) Starting Age by Birthdate
Birthdate	Age^*
Account owners born on or before 6/30/1949	70 1/2^*
7/1/1949 through 12/31/1950	72^*
1/1/1951 through 12/31/1959	73^*
Account owners born on or after 1/1/1960	75^*
^*Age of account owner as of 12/31 of the distribution year. This RMD chart only applies to the original account owner or a spouse who chooses to treat their inherited account as their own.

The CARES Act of 2020 provided a temporary waiver of RMDs. The RMD waiver is for retirement plans and accounts for 2020. This includes direct contribution plans such as 401k, 403b, 457b plans and IRAs. RMDs were also waived for IRA owners who turned 70 1/2 in 2019 and were required to take an RMD by April 1, 2020.

If you have RMD questions, please consult with your own tax advisor regarding your specific situation. If you are under 75 and this RMD is from a 403(b) plan, you may not be required to take distributions on the balance in your account before 1987 until you reach age 75. You may need to contact a financial planner or CPA to determine if this exception applies to your RMD.

IMPORTANT! This calculator has been updated for the Secure 2.0 (2022), SECURE Act of 2019 and the CARES Act of 2020 and IRS Notices regarding these acts from 2023 and 2024. Future IRS published procedures may have an impact on enforcement and interpretation of these Acts.

Year of RMD

The year for the RMD calculation. This is usually the current year, but past and future year RMDs can be calculated by changing this value.

Owner's birthdate

The account owner's birthdate. The tool uses this to calculate the account owner's age as of December 31^st of the distribution year.

Amount subject to RMD

This is the fair market value of the account as of the close of business on December 31^st of the prior year. For example, to determine the RMD for 2024, use the account balance as of 12/31/2023. For traditional IRAs, no adjustments are made for contributions or distributions after that date. If you made a transfer or rollover from one account on or before December 31^st of the prior year and the funds were received by a new account in the next year, you will need to increase your December 31^st fair market value by the amount that was transferred or rolled over and not included in the December 31^st value of either account.

Is sole beneficiary a spouse?

Check this box if the sole beneficiary is a spouse. The IRS uniform life expectancy table is used to calculate the life expectancy for account owner RMDs. The only exception to this rule is if the sole beneficiary is a spouse and is more than 10 years younger than the account owner. In this situation, the IRS joint life expectancy table is used. The IRS joint life expectancy table normally produces lower required distributions.

Beneficiary's birthdate

If the sole beneficiary of the account is a spouse, enter the beneficiary's birthdate. If the spouse is more than 10 years younger than the account owner, the IRS joint life expectancy table is used which normally produces lower required distributions.

Information and interactive calculators are made available to you only as self-help tools for your independent use and are not intended to provide investment or tax 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.