Beginning in the year you reach age 70½, the IRS requires you to take money out of your retirement accounts by December 31. These amounts are known as your Required Minimum Distributions (RMD). !

Use this calculator to determine your current RMD and estimate your future RMDs.

Your balance must be $3,000,000 or less
Your age must be between 60 and 115

In your estimated RMD is

$XXX,XXX

If you do not take your RMD, your IRS penalty would be $XXXX !

See future years
$XX,XXX
?
$XX,XXX
?
- +
In your estimated RMD is $XX,XXX
?
Estimates assume you:
  • Earn a 4% default investment return. You can adjust the investment return above.
  • Only withdraw your RMD amount. But you can always take more than your RMD amount or reinvest RMD amounts you don’t need in a non-retirement account.

What now?

To learn more about RMD rules and strategies, including how ICMA-RC helps you manage your RMDs, visit www.icmarc.org/rmd.
To get investment, retirement age, and retirement income advice for your ICMA-RC accounts visit www.icmarc.org/guidedpathways.
For more tips and tools to help you manage your retirement, visit www.icmarc.org/retiree.
Your ICMA-RC representative can also help you learn about investment and withdrawal strategies for your retirement assets.

Disclaimer and Assumptions

This calculator estimates your Required Minimum Distributions (or RMDs). Your RMDs are the minimum amounts you must withdraw from your IRA or retirement plan account annually, starting in the year you reach age 70½. There are penalties if you do not withdraw your RMDs.

General assumptions

The calculator is for illustrative purposes only. Your actual investment returns and future account balances may be higher or lower.

The calculator should be used in conjunction with appropriate education, guidance, and advice, and not as the sole source of information when making decisions about your personal finances.

The calculations are based on the data you input and on current U.S. tax rules, which could change in the future. The current IRS distribution factors are based on your age and, if appropriate, the age of your beneficiary, on your birth dates in the calculation year.

The calculator works for people who are age 60 or older. Your spouse can be younger or older than you.

It is assumed that your RMDs are withdrawn at the end of each year.

Initial RMD

If you are currently younger than 70½, the calculator assumes that you withdraw your first RMD in the year you turn 70½, although the first payment can be delayed until April 1 of the year following. For all subsequent years, including the year in which you take the first RMD by April 1, you must withdraw the RMD by December 31 of the year. Your account balance at the previous December 31, which you enter on the "About you" screen, will be projected to grow by the default future investment return of 4 percent until the December 31 of the year before you turn age 70½.

If you are currently 70½ or older, the calculator will show your RMD for the current year initially. You can then choose to model your RMDs for future years.

IRS penalty

If you do not withdraw your RMD or do not withdraw the full RMD, the amount not withdrawn is subject to a 50 percent penalty tax.

Future years' RMD screen

The future years’ RMD screen illustrates your account balance in the left "fish tank" and the sum of all your RMDs withdrawn to date; your "Cumulative RMDs" is shown in the right "fish tank."

The calculator assumes that no additional contributions are made and only the RMD amounts are withdrawn. You can withdraw more than the RMD amount in any year.

Future investment returns

The default future investment return is 4 percent a year. Investment returns are assumed to be consistent for the duration of the period.

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Required Minimum Distribution (RMD) calculator

The key figures

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