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I will start taking RMD at age 73. What is the minimum percentage I need to withdraw?

2 Replies
Expert Alumni



Typically the financial institution will provide you with the amount for your RMD.  However if you wish to calculate yourself then you will divide the account balance as of Dec 31s by a life expectancy factor that the IRS publishes in Tables of Publication 590-B. I am providing the link for the Publication  so you can look up the situation that applies to you. 


The SECURE 2.0 Act raised the age of RMDs to age 73 . If you reach age 72 in 2023, the required beginning date for your first RMD is April 1, 2025, for 2024. Notice 2023-23PDF permits financial institutions to notify IRA owners no later than April 28, 2023, that no RMD is required for 2023.


I hope it helps, please let us know if you have any additional questions.

Enjoy your day!!

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Employee Tax Expert


Hi, bluefalcon77!


The amount of your RMD depends on whether you are single or married.  If married, you have the selection of using your single life expectancy or a joint life and last survivor expectancy.  


You can find all 3 of those tables in IRS Publication 590B.  Scroll to Page 8 on the link I provided below.  




Be sure to use the link in the section of the publication for your situation (single, sole beneficiary or joint life and last survivor).



Elizabeth W

EA for 29 years


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