Use our updated RMD Calculator 2025 to calculate your required minimum distributions for IRAs, 401(k)s, and inherited IRAs. Get accurate RMD tables, tips, and tools.
Required Minimum Distribution Calculator
Estimate your mandatory retirement account withdrawals based on current IRS rules
Your Information
Your RMD Results
This is the minimum amount you must withdraw from your retirement account this year based on IRS rules.
Enter your information and click “Calculate RMD” to see your results.
About Required Minimum Distributions (RMDs)
Required Minimum Distributions (RMDs) are the minimum amounts you must withdraw from your retirement accounts each year starting the year you turn 73 (for those born between 1951-1959) or 75 (for those born in 1960 or later).
Key RMD Rules
- Age Requirements: You must take your first RMD by April 1 of the year after you turn 73 (or 75). Subsequent RMDs must be taken by December 31 each year.
- Account Types: RMD rules apply to traditional IRAs, SEP IRAs, SIMPLE IRAs, 401(k)s, 403(b)s, and other qualified retirement plans.
- Calculation: Your RMD is calculated by dividing your retirement account balance by a life expectancy factor from IRS tables.
- Penalties: Failing to take your RMD results in a 25% excise tax on the amount not withdrawn (reduced to 10% if corrected within 2 years).
Disclaimer
This calculator provides estimates only and should not be considered tax or financial advice. Consult with a qualified tax professional or financial advisor for guidance specific to your situation. IRS rules change periodically, and this calculator may not reflect the most recent updates.
🧮 RMD Calculator 2025: A Complete Guide to Calculating Your Required Minimum Distributions
Introduction
As retirement approaches or if you’ve inherited a retirement account, RMDs (Required Minimum Distributions) become a crucial financial concept. Whether you’re calculating RMDs for your traditional IRA, 401(k), or inherited IRA, understanding how these distributions work is essential to avoid IRS penalties and optimize your tax situation.
In this guide, we’ll cover:
- What is an RMD?
- How to calculate your RMD
- The RMD Calculator 2025 explained
- Differences between RMD for regular and inherited IRAs
- Tools like the Charles Schwab, AARP, and IRS RMD calculators
- RMD Tables for 2024 and 2025
- Common FAQs and mistakes to avoid
📘 What Is an RMD?
An RMD (Required Minimum Distribution) is the minimum amount that the IRS requires you to withdraw from your tax-deferred retirement accounts annually, starting at a certain age. These accounts include:
- Traditional IRAs
- SEP IRAs
- SIMPLE IRAs
- 401(k), 403(b), and 457(b) plans
- Inherited IRAs
🎯 Who Needs to Take RMDs in 2025?
As per SECURE Act 2.0, the starting age for RMDs is now:
- 73 years old if you turn 73 in 2023-2032
- 75 years old if you turn 75 after 2032
Inherited IRAs have different RMD rules depending on your relationship to the deceased and the year of death.
📊 How Are RMDs Calculated?
Formula:
sqlCopyEditRMD = Account Balance (as of Dec 31 of the previous year) ÷ Life Expectancy Factor (from IRS Table)
For example, if your IRA balance was $250,000 and your life expectancy factor is 25.6, your RMD would be:
bashCopyEdit$250,000 ÷ 25.6 = $9,765.63
🧠 RMD Calculation Table for 2024 & 2025
| Age | Life Expectancy Factor (Uniform Lifetime Table) |
|---|---|
| 72 | 27.4 |
| 73 | 26.5 |
| 74 | 25.5 |
| 75 | 24.6 |
| 76 | 23.7 |
| 77 | 22.9 |
| 78 | 22.0 |
| 79 | 21.1 |
| 80 | 20.2 |
(Use the updated IRS Publication 590-B for full tables.)
🔧 RMD Calculator Tools for 2025
Here are some of the most trusted and user-friendly calculators:
1. IRS RMD Calculator
The IRS offers worksheets and tables. Good for manual calculations.
2. Charles Schwab RMD Calculator
Great for Schwab account holders.
- Supports both IRA and Inherited IRA
- Auto-calculates based on Schwab data
3. AARP RMD Calculator
Simple and senior-friendly tool.
- Offers guidance on reducing RMD tax hits
4. Schwab Beneficiary IRA RMD Calculator
- Specifically for inherited IRAs
- Accounts for 10-year rule or life expectancy
🧮 Inherited IRA RMD Calculator
If you’ve inherited an IRA:
- Spouse beneficiaries may treat the IRA as their own.
- Non-spouse beneficiaries generally must withdraw the full account within 10 years (SECURE Act).
- Some may still qualify for life expectancy method.
Calculate RMD for Inherited IRA:
Use the beneficiary IRA RMD calculator from Schwab or Fidelity. You’ll need:
- Year of original account holder’s death
- Your age
- Account balance
🗓️ How to Calculate RMD for 2025
Step-by-step:
- Get Your Account Balance as of December 31, 2024.
- Find your life expectancy factor using the RMD table 2025.
- Divide the balance by the factor.
Example:
If you’re 74 in 2025 with $400,000 in your IRA:
bashCopyEdit$400,000 ÷ 25.5 = $15,686.27
💡 Tips to Minimize RMD Taxes
- Consider Roth conversions before reaching RMD age.
- Spread RMDs over multiple accounts.
- Give to charity: Use Qualified Charitable Distributions (QCDs) to donate RMDs tax-free (up to $100,000).
- Withdraw earlier in the year to avoid delays or missed RMDs.
⚠️ Penalties for Missing RMDs
Missing an RMD in 2025 could result in a 25% penalty on the undistributed amount (recently reduced from 50%).
You can request a waiver using Form 5329, but prevention is better than cure.
📱 Top RMD Calculators Reviewed
| Calculator | Features | Best For |
|---|---|---|
| IRS RMD Calculator | Official tables, manual input | DIY users |
| Charles Schwab RMD Calculator | Integrated with Schwab accounts | Schwab clients |
| AARP RMD Calculator | Simple UI, no login | Seniors |
| Fidelity RMD Calculator | Investment strategy add-ons | Fidelity account holders |
| Vanguard RMD Calculator | Auto-calculate RMD strategy | Vanguard investors |
📋 FAQ: How Do I Calculate My RMD?
❓ How do you calculate RMD?
Use the IRS formula: Account Balance ÷ Life Expectancy Factor.
❓ How to calculate RMD for 2024?
Use the same method but based on your 2023 year-end balance and IRS table for 2024.
❓ What is the difference in RMD for Inherited IRAs?
Inherited IRAs follow different rules, including:
- 10-year rule for most non-spouse beneficiaries
- Life expectancy option in some cases
❓ Can I use one RMD calculator for all accounts?
Yes. But each account’s balance must be calculated separately, especially if held at different institutions.
📝 Final Thoughts
Understanding and calculating your RMD for 2025 is crucial to staying compliant with IRS rules and minimizing taxes. Whether you’re a retiree or a beneficiary, using a reliable RMD calculator like the one from Charles Schwab, AARP, or IRS, and knowing your exact numbers will save you money and stress.
Take time to review your retirement accounts annually and plan withdrawals smartly.
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