Distribution Calculations

How Much do I Have to Withdraw Each Year?

This can be a little tricky but luckily there are some helpful tools.

Calculate Your Minimum Distribution In 3 Steps.

a table showing the uniform lifetime table

1. Determine Withdrawal Factor

The IRS provides a Uniform Lifetime Table that provides life expectancy factors based on your age. This factor is used to determine how much of your IRA balance must be withdrawn each year.

a picture of an irs uniform lifetime table

2. Calculate Your Required Minimum Distribution

Divide the account balance of your IRA as of December 31 of the preceding year by your life expectancy factor from step 1. This will give you the minimum amount that must be withdrawn from the account each year.

an elderly couple is sitting at a table looking at a laptop computer .

3. Repeat the Calculation Each Year

The RMD must be taken annually, and the calculation must be repeated each year to determine the RMD for the coming year.

Use The Investor.Gov Calculation Tool. Click Here.

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