If you hold retirement funds in a tax-deferred account (IRA,
401(k), etc), federal law requires that you begin withdrawing at
least a minimum amount each year once you reach age 70 1/2.
This calculator will assist you in determining your required
minimum distribution (RMD) under new IRS rules passed in January,
Please note that the new rules apply automatically to IRAs, but
other types of retirement plans must be amended to adopt them
(please see your plan
sponsor). The new rules (which this calculator is based on)
also do not apply if your primary beneficiary is a spouse who is
more than ten years younger than you.
The deadline for your first RMD is generally April 1 of the year
after you reach age 70 1/2. In subsequent years, your RMD
deadline is December 31.