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IRS/Compliance Standards

RMD Calculator

Maintain IRS compliance. Calculate your Required Minimum Distributions for 2024 and beyond based on the SECURE Act 2.0 and official Life Expectancy Tables.

Account Profile

Beneficiary Exceptions

Tax Warning: Failure to take your full RMD can result in an IRS excise tax of up to **25%** of the amount not distributed.

IRS/Compliance Analytics

Navigating the
RMD Requirements

A Required Minimum Distribution (RMD) is the minimum amount the IRS requires you to withdraw from your retirement accounts each year. Because these accounts grew tax-deferred, the government eventually wants its share of the income tax. With the passage of the SECURE Act 2.0, the rules have changed significantly, pushing back the starting age and reducing penalties. Our calculator helps you stay compliant and avoid the IRS's steep "failure to distribute" excise tax.

The New Age

Under SECURE 2.0, the RMD age increased to **73** in 2023 and will jump to **75** in 2033. Knowing your exact "Start Year" is critical for avoiding penalties.

Uniform Table

Most taxpayers use the IRS **Uniform Lifetime Table**. It provides a "distribution period" factor based on your age to determine your minimum withdrawal.

Penalty Risk

Missing an RMD used to carry a 50% penalty. SECURE 2.0 reduced this to **25%** (and potentially **10%** if corrected quickly), but it remains one of the IRS's harshest taxes.

Accounts Subject to RMDs

RMD rules apply to almost all employer-sponsored retirement plans and traditional IRAs:

  • Traditional IRAs and SEP/SIMPLE IRAs.
  • 401(k), 403(b), and 457(b) plans.
  • Major Change: Starting in 2024, **Roth 401(k)** accounts are no longer subject to RMDs during the owner's lifetime, bringing them in line with Roth IRAs.

The Calculation Logic

Your RMD for the current year is calculated by taking your account balance as of December 31st of the previous year and dividing it by a "distribution period" factor found in IRS Publication 590-B. As you get older, the factor gets smaller, meaning you must withdraw a larger percentage of your remaining balance each year.

Qualified Charitable Distributions (QCDs)

If you don't need your RMD for living expenses, you can use a QCD to send up to $105,000 (as of 2024) directly from your IRA to a qualified charity. The amount sent to the charity counts toward your RMD requirement but is not included in your adjusted gross income, making it a powerful tax-saving tool.

RMD Compliance Checklist:

  • • Multiple IRAs: You can calculate the total RMD for all your Traditional IRAs and take the full amount from just one of them.
  • • 401(k) Limitation: Unlike IRAs, you must take a separate RMD from each employer-sponsored plan you have.
  • • Still Working? If you are still working and don't own more than 5% of the company, you can usually delay RMDs from your *current* employer's plan.

The First RMD Deadline

You have until **April 1st** of the year following the year you turn 73 to take your first RMD. However, if you wait until April, you will have to take **two distributions** in that same tax year, which could push you into a higher tax bracket.

How to Use This Tool

Input your "Account Balance" as of last December 31st. Enter your "Current Age." If your spouse is more than 10 years younger and is your sole beneficiary, check the exception box and enter their age to use the more favorable Joint Life Table. The calculator will provide your Required Minimum Distribution and the specific IRS Factor used for the calculation.