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Calculator Preferences
IRA Withdrawal Calculator Sign
IRA Withdrawal Calculator

This calculator will estimate the current required minimum distribution factor and the amount for the current distribution year (IRA owners age 70 and older). Plus, the calculator will tell you which IRS Life Expectancy Table it used and display a chart showing your future withdrawals based on your expected IRA earnings. The Learn tab includes answers to:

  • When do withdrawals start?
  • What is the RMD formula?
  • What time of the year are withdrawals due?
Learn More

Selected Data Record:

A Data Record is a set of calculator entries that are stored in your web browser's Local Storage. If a Data Record is currently selected in the "Data" tab, this line will list the name you gave to that data record. If no data record is selected, or you have no entries stored for this calculator, the line will display "None".

DataData recordData recordSelected data record: None
Prior yr bal:Prior year bal:Previous year-end balance:Previous year-end account balance:

Previous year-end account balance:

Enter the combined total of all qualified retirement plans.

Dist yr age:Dist yr end age:Age on 12/31 of distribution year:Age as of 12/31 of distribution year:

Age as of 12/31 of distribution year:

Select your age as of 12/31 of the distribution year. If you are 70 years old and your birthday falls after June 30th, select the "70-1/2 after" option. Or, if you are 70 years old and your birthday falls before July 1st, select the "70-1/2 before" option.

Benefic age:Beneficiary age:Beneficiary age:Beneficiary age:

Beneficiary age:

If your spouse is the sole beneficiary and is more than 10 years younger than you, enter the age of the spouse as of 12/31 of the distribution year. Otherwise leave this field blank.

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

Expected annual return on investments:

Enter the annual percentage return you expect to earn on your IRAs. Please enter the amount as a percentage, but without the percent sign (for .06 or 6%, enter 6).

Dist factor:Distribute factor:Distribution factor:Distribution factor:

Distribution factor:

Based on your age and the life expectancy table your situation applies to, this is the current distribution factor the calculator found in the table.

Curr RMD:Current RMD:Current required withdrawal:Current required minimum withdrawal:

Current required minimum withdrawal:

This is the entered IRA balance divided by the distribution factor in the previous row.

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.

Feedback AppreciatedFeedback Greatly AppreciatedYour Feedback Would Be Greatly AppreciatedYour Feedback Is Greatly Appreciated
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Help and Tools

Help and Tools:

This section, which you can Unstick or Hide in the Calculator Preferences (just above the top of the calculator), contains the following tabs (content too long to fit within bordered frame can be scrolled up and down):

About: Click this tab for an introduction to the calculator.

Instructions: Click this tab for step-by-step instructions for using the calculator.

Terms: Click this tab for a list of the descriptions that are located within each popup help button (info icons).

PCalc: Click this tab for a handy "pocket" calculator you can use when you need to calculate an entry needed for the calculator.

Data: Click this tab to save a set of entries or a note in between visits. Entries and notes will be stored to your web browser's local storage (if supported by your browser of choice), meaning they can only be recalled with the same device and web browser you were using when you saved them. If you'd like to save entries and notes between devices you can do so by subscribing to the Ad-Free Member Version.

 

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