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Required Minimum Distribution (RMD) - Year To Begin

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Use this calculator to determine when you must start your Required Minimum Distribution (RMD) for your retirement account. The IRS requires that you withdraw at least a minimum amount - known as a Required Minimum Distribution - from some types of retirement accounts annually. When you are required to start taking distribution depends on your birth date. Use this calculator to determine your age and the year RMDs for your account begins. If distributions are already required to start, it will also calculate the current year RMD. This calculator has been updated for the SECURE 2.0 of 2022, the SECURE Act of 2019 and CARES Act of 2020.

Required Minimum Distribution (RMD) - Year To Begin Definitions

Account balance
This is the fair market value of your account as of the close of business on December 31st of the preceding year. 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 31 value of either account.
Owner birthdate
The account owner's birth date. The tool uses this to calculate the age RMDs are required to begin, and the year you will attain that age.
Age of first Required Minimum Distribution (RMD)
First year of RMD
This is the year you are required, or were required, to begin RMDs. Normally an RMD is required to be taken by December 31st of the distribution year. However, for the first year distribution, you have until April 15th of the following year to take the distribution. If you delay your distribution into the next calendar year, you will still be required to take the normally required RMD for that year as well. The delay doesn't reduce the amount that needs to be taken out of the account.
Required Minimum Distribution (RMD)
This is the calculated Required Minimum Distribution for the age, year of distribution, and account balance entered. This calculation uses the Uniform Life Expectancy table. If you are married and your spouse is more than 10 years younger, you may be able to use the Joint Life Expectancy table which will produce a longer life expectancy. This calculator doesn't account for this situation, but calculated RMD will never be lower than the required amount.