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Instructions for Using the IRA Calculator
To use the IRA RMD and Distribution Calculator, first enter your age and the total balance of your IRA account. Then, click 'Calculate' to view the required minimum distribution and potential distribution amounts.
IRA RMD Calculator Table
| Age | Account Balance | RMD Amount |
|---|---|---|
| 72 | $100,000 | $3,906.25 |
| 75 | $150,000 | $5,660.38 |
IRA Distribution Calculator Table
| Age | Account Balance | Distribution Amount |
|---|---|---|
| 65 | $200,000 | $10,000 |
| 70 | $250,000 | $12,500 |
FAQ
What is an IRA RMD?
An IRA RMD is the Required Minimum Distribution, which is the minimum amount you must withdraw from your account each year starting at age 72.
How do I calculate my IRA distribution?
To calculate your IRA distribution, enter your age and account balance into the calculator above, and it will provide you with the estimated distribution amount.
Can I take more than the RMD amount?
Yes, you can take more than the RMD amount, but not less.