Opus 17 uses the wrong life-expectancy factor. The factor to be used is based on your age in 2023 (age 64, LE factor 23.7), with that factor reduced by one for each year after 2023. That means that the factor for 2024 is 22.7, not 22.9. With a 2023 year-end balance of $80,000, the RMD for 2024 would be $80,000 / 22.7 = $3,524.23
"Do the annual RMD's increase on a yearly basis in order to deplete the account by the required year, in this case 2032?"
No.
"Or do the RMD's stay the same for years 2 through 10, and then I'd just have a large balance to deplete in 2032?"
Yes. However, the RMD is the minimum amount required to be distributed each year. To level out the distributions you might consider taking out more than the minimum each year to avoid having a large distribution in year 10. For example, you might take:
2024 $80,000 / 9 = 8.888.89
2025 2024 YE balance / 8
2026 2025 YE balance / 7
2027 2026 YE balance / 6
2028 2027 YE balance / 5
2029 2028 YE balance / 4
2030 2029 YE balance / 3
2031 2030 YE balance / 2
2032 all that remains
Of course you could adjust that down or up in years that you have more or less other income than you typically do. You might also taking out more than the minimum to be able to move the funds to capital investments outside of the IRA where subsequent gains can enjoy taxation at long-term capital gains rates instead of being taxed as ordinary income.
