The IRS calculates your required minimum distribution (RMD) by dividing your total account balance by a life expectancy factor. This factor is determined by your age, your beneficiaries' life expectancies, and your own life expectancy. Since your life expectancy factor is updated annually, the amount you must withdraw each year will also change.
Please note you can combine IRA account values to calculate RMD but if you have multiple 401k accounts, each much be calculated separately.
IRS pub 590 -B is more info. if you would like to calculate RMD. Please scroll down at the very end of the page to see IRS worksheet to calculate RMD amount.
https://www.irs.gov/publications/p590b#en_US_2024_publink100090310
Most of the time, brokers are able to tell you the amount of RMD.
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