The **Required Minimum Distribution (RMD)** calculator helps you determine the minimum amount you must withdraw from your retirement accounts each year, starting at age 73 (or 72 if you turned 72 before January 1, 2023). This calculation is crucial for tax planning and avoiding hefty penalties from the IRS.
Our RMD calculator simplifies this complex process by using the IRS Uniform Lifetime Table (or Joint Life Expectancy Table, depending on inputs, though for simplicity our base calculator uses the Uniform Lifetime Table) to provide an accurate estimate based on your account balance and age.
Disclaimer: This RMD calculator provides an estimate for informational purposes only and should not be considered financial or tax advice. Consult with a qualified financial advisor or tax professional for personalized guidance regarding your specific retirement planning needs.