ADP - Required Minimum Distribution (Calculator)

Required Minimum Distribution

Please note: 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. Go to disclosures

What is your date of birth?

Month

Day

Year

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

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?

Calculator is owned and provided by SS&C. SS&C is not affiliated with this site's sponsor, owner or any affiliate thereof. The calculator is provided for educational purposes only. Any results generated by a calculator are not representative of any index or fund, are hypothetical, and are not guaranteed. It does not serve, either directly or indirectly, as legal, financial or tax advice. You should always consult with your financial planner, attorney and/or tax advisor as needed.

Users should verify the appropriateness of any assumptions used and, if applicable, modify these assumptions for their individual situation. The output provided depends upon the completeness and the accuracy of the information and assumptions that the user provides. Users should verify the accuracy of all information that they incorporate into their use of the calculator. Assumptions about projected current and future income and expense estimates, are inherently uncertain and introduce uncertainty in the calculations that the tool performs. Even small changes in these inputs and assumptions may have a significant impact on the calculator's derived results.

ADP is not responsible for the completeness, accuracy, and appropriateness of the information and assumptions provided by any user. In making this and other calculators available for your use on this Website, ADP makes no recommendation regarding the appropriateness of any contribution amount or type, withdrawal or withdrawal rate, loan, or asset allocation. ADP, the ADP logo are trademarks of ADP, Inc. All other trademarks and service marks are the property of their respective owners. Copyright © 2022 ADP, Inc. ALL RIGHTS RESERVED.