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Required Minimum Distribution

Effective 1/1/2023 the RMD age has changed from 72 to 73, therefore anyone who turns age 72 in 2023 (i.e. born in 1951 or later) is not required to start their RMDs until they reach age 73. Anyone born in 1950 or earlier is not impacted by this change and must take an RMD for 2022 and 2023 as required under current law.

Holders of traditional IRAs and other tax-deferred savings accounts are generally required to take minimum distributions once they reach age 73. This calculator will help you determine what your required minimum distributions will be under IRS rules.

If you are 73 or older, the calculator will estimate your next distribution. If you are not yet 73, it will calculate your expected balance at age 73 and estimate your first distribution based on that.



What is your date of birth?

 

Month

Day

Year
   

What is your account balance as of December 31 of the previous year? (enter in whole dollars, with no cents)

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If you are younger than 73, which approximate rate of return do you expect to earn between now and when you turn 73?

If you are married, is your spouse more than 10 years younger than you AND designated as the sole account beneficiary?

If yes, what is your spouse's year of birth?