Retirement Clearinghouse (RCH) offers IRA accountholders this tool as a resource to help calculate a yearly Required Minimum Distribution from your IRA, in the event you are required by the IRS to do so. Required Minimum Distributions (RMDs) generally are minimum amounts that a retirement plan account owner must withdraw annually starting with the year that he or she reaches 72 (70 ½ if you reach 70 ½ before January 1, 2020).
Follow the instructions below, entering: 1) the year of the RMD, 2) the account balance as of the prior year-end, 3) your birthdate and 4) your spouse's information, if applicable. Then press the 'Calculate' button to obtain the result. If you have RMD questions, please consult with your own tax advisor regarding your specific situation.
IMPORTANT: This calculator produces a current year result for a specific account, and may not satisfy your overall RMD requirements for other qualified retirement savings accounts you may have. If you have other qualified retirement savings accounts, please enter each separately. Providing an estimated rate of return is not required for current year RMD calculations.