Calculators


Got a question that involves number crunching? Use the calculators on this page to find the mathematical answer to the most commonly asked number-crunching questions, and see your inputs displayed next to the graph, chart, and/or table output in a side-by-side display.

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RMD (Lifetime Required Distributions--Traditional IRAs) Calculator
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*Must be less than 71

This tool calculates the lifetime required minimum distribution (RMD) amounts for a traditional IRA. Two charts will be generated, one illustrating both account growth (until your required beginning date) and RMD amounts over time, the other simply illustrating RMD amounts over time.




Note:

  • The calculator assumes you turn 70 ½ years of age in the calendar year in which you turn 70.
  • Calculations are based on the Uniform Lifetime Table provided in the 2002 final IRS regulations. Special rules apply if your spouse is 10 or more years younger than you and is your sole designated beneficiary.
  • The calculator is intended to be used by the IRA owner (not an IRA beneficiary).
Traditional IRA Lifetime RMD Calculator Results

Distributions and annual growth shown through age 100.

If you live beyond age 100, RMDs continue based on your recalculated life expectancy each year.

Number of years until RMD amounts begin: 5

Number of years withdrawals will occur: 30

Total withdrawals: $319,438



    Assumptions

  • Earnings are compounded annually.
  • You turn 70½ years of age in the calendar year in which you turn 70.
  • Your annual withdrawal equals the required minimum distribution amount each year. In any year, you can withdraw more than the required minimum. But if you withdraw less than the required minimum, you will be subject to a penalty under federal tax law.
  • Calculations are based on the Uniform Lifetime Table provided in the 2002 final IRS regulations. Special rules apply if your spouse is 10 or more years younger than you and is your sole designated beneficiary.
  • This is a hypothetical illustration only and not a projection or a guarantee of any particular investment performance.
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IMPORTANT DISCLOSURES

Retirement Resources Financial Information Center is an educational resource provided for informational purposes only by Retirement Resources Investment Corporation ("Advisor"). Retirement Resources Investment Corporation is a registered investment advisor.

Broadridge Investor Communication Solutions, Inc. does not provide investment, tax, or legal advice. The information presented here is not specific to any individual's personal circumstances.

To the extent that this material concerns tax matters, it is not intended or written to be used, and cannot be used, by a taxpayer for the purpose of avoiding penalties that may be imposed by law. Each taxpayer should seek independent advice from a tax professional based on his or her individual circumstances.

These materials are provided for general information and educational purposes based upon publicly available information from sources believed to be reliable—we cannot assure the accuracy or completeness of these materials. The information in these materials may change at any time and without notice.

Note that any assessment presented here considers several relevant factors but many not consider all factors that are relevant to your particular needs. This information does not suggest future results nor is it intended to suggest what is prudent and appropriate for you. You should not make assumptions about the future performance of your investments based upon this information.