IRA Growth and Distribution Calculator: Retirement Planning Tool

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Calculator Preferences

Adjust Calculator Width % Adjust Calculator Width: Move the slider to left and right to adjust the calculator width. Note that the Help and Tools panel will be hidden when the calculator is too wide to fit both on the screen. Moving the slider to the left will bring the instructions and tools panel back into view. Also note that some calculators will reformat to accommodate the screen size as you make the calculator wider or narrower. If the calculator is narrow, columns of entry rows will be converted to a vertical entry form, whereas a wider calculator will display columns of entry rows, and the entry fields will be smaller in size ... since they will not need to be "thumb friendly".	Show/Hide Keypads Show/Hide Popup Keypads: Select Show or Hide to show or hide the popup keypad icons located next to numeric entry fields. These are generally only needed for mobile devices that don't have decimal points in their numeric keypads. So if you are on a desktop, you may find the calculator to be more user-friendly and less cluttered without them.	Stick/Unstick Tools Stick/Unstick Tools: Select Stick or Unstick to stick or unstick the help and tools panel. Selecting "Stick" will keep the panel in view while scrolling the calculator vertically. If you find that annoying, select "Unstick" to keep the panel in a stationary position. If the tools panel becomes "Unstuck" on its own, try clicking "Unstick" and then "Stick" to re-stick the panel.
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IRA Growth and Distribution Calculator

This calculator is for IRA owners under the age of 70-1/2. The calculator will create a year-to-year chart showing the future growth based on your expected rate of return. Then, once the chart reaches age 70-1/2 all rows thereafter will show the combined effects of interest earnings and minimum distributions. The Learn tab includes answers to:

When do withdrawals start?
What is the RMD formula?
What time of the year are distributions due?

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DataData recordData recordSelected data record: None

Balance:Current balance:IRA current balance:IRA current account balance:

IRA current account balance

Your age:Your current age:Your current age:Your current age:

Your current age

Birth mon:Your birth month:Your birth month:Your birth month:

Your birth month

Benefic age:Beneficiary age:Beneficiary age (if applicable):Beneficiary age (if applicable):

Beneficiary age (if applicable)

Expect ROI:Expected ROI:Expected return on investments:Expected annual return on investments:

Expected annual return on investments

If you would like to save the current entries to the secure database, tap or click on the Data tab, select "New Data Record", give the data record a name, then tap or click the Save button. To save changes to previously saved entries, simply tap the Save button. Please select and "Clear" any data records you no longer need.

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Calculator Details * Calculator Title: Calculator Title: This field should already be filled in if you are using a newer web browser with javascript turned on. If it's not filled in, please enter the title of the calculator as listed at the top of the page. Calculator Title * Calculator Web Address: Calculator Web Address: This field should already be filled in if you are using a newer web browser with javascript turned on. If it's not filled in, please enter the web address of the calculator as displayed in the location field at the top of the browser window (www.free-online-calculator-use.com/____.html). Calculator Web Address (www.free-online-calculator-use.com/____.html) Platform, web browser, & data: Platform, web browser, & data: This field should already be filled in if you are using a newer web browser with javascript turned on. If the calculator is not working for you, this information will help me to find and fix the problem. Since this calculator has been tested to work with many setup and entry combinations, I probably won't be able to find and fix the problem without knowing your set-up and the data you entered into the calculator. If you reset the calculator before opening this form, please re-enter the entries that didn't work and click the Get Data button. You can clear this field if you're not comfortable sharing it and/or if the calculator is working properly for you. Platform, Web Browser, & Data

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Step #1:

Enter the current combined total of all of your IRA accounts.

Step #2:

Enter your current age.

Step #3:

Select your birth month.

Step #4:

If your spouse is the sole beneficiary and is more than 10 years younger than you, enter your spouse's age as of December 31st of the distribution year. Otherwise leave this field blank.

Step #5:

Enter the average annual percentage rate you expect your IRA to earn in the future.

Step #6:

Click the "Forecast Growth and RMDs" button. This will display a year-by-year chart showing the effect of your future interest earnings and minimum required distributions.

Saving Entries:

If your web browser supports Local Storage, you can save your entries to your web browser so won't have to start over on your next visit. Please note that your saved entries can only be retrieved from the same device and web browser you were using when you stored them. If you would like to access your saved entries from any device I invite you to subscribe to the Ad-Free Member Version.

To save your entries to your web browser, click or tap the Data tab in the Help and Tools section (mobile: top right of the main screen), select "New Data Record" from the drop-down menu, enter a name for the data record, and then tap or click the Save button.

To load previously saved entries, click or tap the Data tab and select the saved data record from the drop-down menu. You can then save any changes to your entries by simply clicking the Save button while the data record is selected.

To clear a named set of saved entries, click or tap the Data tab, select the saved data record from the drop-down menu, and then tap or click the Clear button.

Numbers and Decimals:

Only numeric characters (0-9 and decimal points) may be entered in numeric fields. Non-numeric characters (dollar signs, percent signs, commas, etc.) may cause calculation errors. If the field includes a grid icon, tapping the icon will open a popup keypad which will include only the characters allowed in the field. If your device keypad does not include a decimal point, use this popup keypad to enter decimal numbers where applicable.

Popup Tool Tips:

Tap the info (i) icons for a further explanation of each entry field (you can click [X] or outside of the pop-up tool tips to close them). A summary of these explanations, along with any additional term explanations, can also be found under the Terms tab.

Disclaimer:

Since I can't test for every possible combination of numbers, please be sure to double-check the results of this calculator yourself before considering them to be valid. If you do discover an issue with the calculated results, please report the issue using the feedback form located below the calculator.

Scrolling & Shrinking:

In order to scroll the calculator vertically you will need to swipe just outside of the calculator's dark-blue border, or use the window's far right-hand scroll bar, whichever is applicable to your device.

If the top section of the calculator becomes to tall for your viewport, tapping in the "Enter a problem..." field should reset the top section to its original height.

Disclaimer:

The Algebra Calculator is the only calculator on the site that I did not create myself. And since I did not create it, I don't have access to the code for fixing any issues you may be experiencing. So if you are having issues with the calculator, please visit the support page at Mathway.com for assistance.

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Calculator Data

Data Record Title

Backup Data

Click Latest button, copy data to a text-only document, then save to your hard drive.

Subscribe to the Cloud level of the Ad-Free Member Version to save your entries and notes to a secure online database, allowing you to access your saved entries from any device or web browser.

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If you would like to use the Save features, please disable ad blocking for this website and refresh the page. Or you can choose to subscribe to the Ad-Free Member Version of the site.

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Help and Tools

Learn

Minimum distribution basics and the RMD formula.

When Do Minimum Distributions Start?

Minimum distribution requirements come into play when an owner of a qualified retirement plan reaches age 70-1/2, or when a beneficiary assumes or inherits and IRA from the deceased owner.

The withdrawal for the first year of the distribution can be deferred to the following year (for tax purposes), but must be withdrawn before April 1st. After that withdrawals must me made prior to December 31st. The penalty for insufficient distributions is 50% of the undistributed amount.

Minimum Distribution Formula

In order to calculate the amount of your required minimum withdrawal, you first need to look up your life expectancy factor in the IRS life expectancy tables.

Once you find your life expectancy factor, you then divide the year-end balance of your IRA by that factor. The result is the amount you are required to withdraw from your IRA by the end of the current year (or April 15th of the following year if this is your first year of making required withdrawals).

IRS Life Expectancy Tables

IRS Life Expectancy Tables are three tables provided by IRS Publication 590-B for determining minimum distribution requirements for qualified retirement plans. The three tables are Single, Joint Life and Last Survivor, and Uniform Lifetime.

How the IRA Growth and Distribution Calculator Works

The IRA Growth and Distribution Calculator is based on Table II (Joint Life and Last Survivor Expectancy) and Table III (Uniform Lifetime) Table from IRS Publication 590-B (2014) (opens new window).

If your spouse is the sole beneficiary and is more than 10 years younger than you, Table II is used. If you are unmarried or your spouse is not more than 10 years younger than you, or your spouse is not your sole beneficiary, Table III is used. In either case, the calculator will indicate which table it used in the displayed results.

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IRA Growth and Distribution Calculator

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Instructions

Step #1:

Step #2:

Step #3:

Step #4:

Step #5:

Step #6:

Saving Entries:

Numbers and Decimals:

Popup Tool Tips:

Disclaimer:

Scrolling & Shrinking:

Disclaimer:

Glossary

Pocket Calculator

Data Management

Favorites

Side Calc Tape

Selected Data Record:

IRA current balance:

Current age:

Your birth month:

Beneficiary age:

Expected annual return on investments:

Monthly "What's New" Email Update:

About

Instructions

Step #1:

Step #2:

Step #3:

Step #4:

Step #5:

Step #6:

Saving Entries:

Numbers and Decimals:

Popup Tool Tips:

Disclaimer:

Scrolling & Shrinking:

Disclaimer:

Glossary

Pocket Calculator

Data Management

Calculator Data:

My Note:

Help and Tools:

Favorites