How do i do theRMD Calculation

[79hokie]

Your broker/bank should have given it to you. If they did not, the formula is as follows. If you are talking about the 2022 tax year, you need to find the balance of the account as of 12/31/2021. Then find the life expectancy of the recipient  from IRS publication 590 (also determined by your beneficiary status). Divide the balance by the life expectancy factor, and you have your RMD. 

[MinhT1]

Generally, a RMD is calculated for each account by dividing the prior December 31 balance of that IRA or retirement plan account by a life expectancy factor that the IRS publishes in Tables in Publication 590-B, Distributions from Individual Retirement Arrangements (IRAs).

Please read this IRS document for more information.

[DavidD66]

Your RMD amount is calculated by dividing your tax-deferred retirement account balance as of December 31 of last year by your life expectancy factor.  Your life expectancy factor is taken from the Uniform Lifetime Table.  However, if your spouse is the sole primary beneficiary and he or she is 10 years younger than you, your life expectancy factor is taken from the Joint Life Table.  You can find RMD calculators on the website of most brokers, such as Fidelity, Schwab,  TD Ameritrade, etc.