phone:

925-242-1300

Calculators

IRA Minimum Distribution Calculator

  IRA Minimum Distribution


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, 2001.


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.

This is a hypothetical example used for illustrative purposes only and does not represent the return of any specific investment. Actual rates of return will vary over time; particularly for long-term investments.
 

  

Note: Other than decimal points, do not enter any other non-numeric characters (commas, dollar signs, etc.) in the entry boxes. Doing so will cause a JavaScript error.

 

 

 

 

 

 

 

http://draketechnologies.com/qAceKau/customImages/Titlecalculators.gif (5594 bytes) 

 

Enter your name
Enter today's date
Enter your IRA market value on December 31 of the previous year.
Enter the age you will be on December 31st of this year
 



 

Required Minimum Distribution for this year



If you would like an estimated projection of the required minimum distributions for the entire projected life of your account, please enter the following information:
Enter your anticipated rate of return (using past history as your most likely assumption for the future).

%

 

 

Copyright 1998-2001 Daniel C. Peterson, All Rights Reserved