To calculate your Required Minimum Distribution (RMD) for this year:
- Find Your Life Expectancy Factor: Use the IRS Uniform Lifetime Table.
- Calculate RMD: Divide your account balance (as of December 31 last year) by your life expectancy factor.
For example: For an account balance of $100,000 and an age of 75, your Required Minimum Distribution (RMD) is calculated as follows:
- Find Your Life Expectancy Factor: For age 75, the life expectancy factor from the IRS Uniform Lifetime Table is 22.9.
- Calculate RMD: Divide your account balance by the life expectancy factor: RMD=$100,00022.9≈$4,366.81RMD=22.9$100,000≈$4,366.81
Please see RMD Calculators below:
