Calculate the minimum amount you must withdraw from your retirement accounts each year. Avoid IRS penalties with our precise, professional-grade calculator updated for 2026 rules[citation:3][citation:6].
The IRS calculates your Required Minimum Distribution using a standard formula based on your account balance and life expectancy factor[citation:3].
Scenario: A 73-year-old investor with a single IRA valued at $100,000 on December 31 of the previous year.
Note: The life expectancy factor decreases each year, so your RMD percentage increases as you age.
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For 2026, the Required Minimum Distribution (RMD) age is 73 for individuals who turned 72 after January 1, 2023. This was established by the Consolidated Appropriations Act of 2023[citation:6]. It's important to note this age will increase again to 75 starting in 2033[citation:3].
The penalty for not taking your full RMD by the deadline is 25% of the amount that should have been withdrawn[citation:3][citation:8]. If you correct the mistake within a two-year "correction window" by taking the missed distribution and filing a corrected tax return, this penalty may be reduced to 10%[citation:3][citation:8].
RMDs are required from most tax-deferred retirement accounts, including Traditional IRAs, SEP IRAs, SIMPLE IRAs, 401(k)s, 403(b)s, and other qualified employer-sponsored plans[citation:8]. RMDs are generally not required from Roth IRAs during the original owner's lifetime[citation:3][citation:8].
Yes, if you have multiple IRA accounts, you can calculate the RMD for each one separately, sum the total, and then withdraw the entire amount from just one IRA if you wish[citation:3]. However, this aggregation rule does NOT apply to 401(k) accounts; you must take a separate RMD from each employer-sponsored plan[citation:3].
You have two options for your first RMD: you can take it by December 31 of the year you turn 73, or you can delay it until April 1 of the following year[citation:3]. If you choose the April 1 deadline, you must take two distributions in that same calendar year: the delayed first-year RMD and the current year's RMD by December 31[citation:3][citation:8].
RMDs are taxed as ordinary income at your federal income tax rate[citation:3]. Consider these strategies:
If you don't need your RMD for expenses, consider these options: