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Required Minimum Distribution (RMD) - Future Projection

The IRS requires that you withdraw at least a minimum amount - known as a Required Minimum Distribution - from your retirement accounts annually; starting the year you turn age 70 1/2. Determining how much you are required to withdraw is an important issue in retirement planning. Use this calculator to create a hypothetical projection of your future Required Minimum Distributions (RMD).

Required Minimum Distribution (RMD) - Future Projection Definitions

Calculation notes
This calculator follows the latest IRS rules and life expectancy tables, which were finalized on April 16th, 2002. These new IRS regulations were optional in 2002 but became mandatory as of January 1st, 2003. If you have questions, please consult with your own tax advisor regarding your specific situation.
Year of RMD
The year that the RMD is being calculated for. This is usually the current year, but past and future year RMDs can be calculated by changing this value.
Owner name
Please enter the account owner's name.
Owner birthdate
Please enter the account owner's birthdate.
Name of account
Please enter the name of the account for this analysis.
Amount subject to RMD
This is the fair market value of the account as of the close of business on December 31st of the preceding year. For example, to determine the RMD for 2017, use the account balance as of 12/31/2016. For traditional IRAs, no adjustments are made for contributions or distributions after that date. If you made a transfer or rollover from one account on or before December 31st of the preceding year and the funds were received by a new account in the next year, you will need to increase your December 31st fair market value by the amount that was transferred or rolled over and not included in the December 31st value of either account.
Plan type
Please enter the plan type. If you choose a ROTH plan type, there are no RMD's required. All other plan types are used for descriptive purposes only and do not impact any calculations.
Is sole beneficiary a spouse?
Check this box if your only beneficiary is your spouse. The new IRS rules use a uniform table to calculate all life expectancies for determining a minimum distribution. The only exception to this rule is if the only beneficiary is a spouse and he or she is more than 10 years younger than the account owner. In this situation, the joint life expectancy table is used. The Joint Life expectancy table normally produces lower required distributions.
Spouse's birthdate
If the sole beneficiary of your account is a spouse, enter the beneficiary's birthdate. If the spouse is more than 10 years younger than the account owner, the Joint Life Expectancy table is used which can lower your RMD.