Once an IRA or retirement plan owner reaches the age of 70 1/2 they are required to take a required minimum distribution RMD from the account each year. (In the year a participant reaches are 70 1/2 they may elect to take their required minimum distribution in the following year assuming they take it by April 1st of the following year.) Starting in 2001 the IRS issued new regulations that simplified the calculation of this distribution. This calculator uses the new calculation. However, the IRS is also expected to issue new life expectancy tables that are not reflected in this calculator.

Do not use this calculator to calculate the RMD of a participant who's beneficiary is a spouse who is more than ten years younger than the participant.