Retirement Calculators
Required Minimum Distribution Calculator
Calculate the minimum amount you must withdraw from a tax-deferred retirement account this year, based on age and balance.
Required minimum distribution
$24,390
- Equivalent monthly income
- $2,032.52
- Estimated tax on the distribution
- $5,366
- Life expectancy factor
- 24.6
How this calculator works
RMD = balance ÷ life expectancy factor
- factor
- the IRS uniform lifetime table divisor for your age
Example calculation
Illustrative example — not advice
Worked example — the required minimum distribution calculator as it loads, using the default figures below.
- 01Enter account balance at year end: $600,000.
- 02Enter your age this year: 75.
- 03Enter marginal tax rate: 22%.
- 04Read the required minimum distribution from the results panel: $24,390.
Required minimum distribution: $24,390. Equivalent monthly income: $2,032.52. Estimated tax on the distribution: $5,366. Life expectancy factor: 24.6.
These figures come straight from the calculator above running on the values listed, so you can retype them and confirm every number yourself. Change any input and the results update immediately. Illustrative only — not a quote, offer or recommendation.
Important considerations
- Missing an RMD can trigger a significant penalty.
- Roth accounts are generally not subject to lifetime RMDs.
Related calculators
- Retirement Income CalculatorSustainable income and how long the pot lasts.
- IRA CalculatorTraditional IRA balance at retirement.
- Retirement CalculatorProject your retirement balance and the income it could sustain.
- Income Tax CalculatorTax due, marginal rate and effective rate.
- 401(k) CalculatorWorkplace plan balance including employer contributions.
- Roth IRA CalculatorRoth IRA balance from after-tax contributions.
Terms used here
Frequently asked questions
Can I take more than the minimum?
Yes. The RMD is a floor, not a cap, though larger withdrawals increase the tax bill.
Disclaimer
Legamoney calculators are educational tools. Results are estimates based on the figures you enter and do not constitute financial, tax or legal advice.
Last reviewed 2026-08-01