RMD Calculator 2024 — Required Minimum Distribution
Calculate your required minimum distribution for IRA, 401k, and retirement accounts using the 2022 IRS Uniform Lifetime Table.
RMD Calculator 2024
Required Minimum Distribution · IRS 2022 Uniform Lifetime Table · Traditional IRA, 401k, 403b
📊Retirement Accounts
Account 1
Age in 2024
73
Distribution Period
26.5 years
RMD Amount
$18,867.92
💵Total RMD Summary
Total RMD This Year
$18,868
Across all qualifying accounts
Monthly Equivalent
$1,572
Annual RMD ÷ 12
% of Total Balance
3.77%
$18,868 of $500,000
Penalty if Missed (25%)
$4,717
IRS excise tax on shortfall
⚠️ RMD Penalty: 25% Excise Tax
If you fail to take your full RMD by December 31 (April 1 for your first RMD year), the IRS imposes a 25% excise tax on the amount you should have withdrawn but didn't. This was reduced from 50% by the SECURE 2.0 Act (2022). If you correct the mistake within the "correction window" (typically 2 years), the penalty drops to 10%.
📋Inherited IRA — 10-Year Rule
How the 10-Year Rule Works
Under the SECURE Act (2020), most non-spouse beneficiaries who inherit an IRA after December 31, 2019 must withdraw all funds within 10 years of the original owner's death.
Who can stretch withdrawals:
- ✅ Surviving spouses
- ✅ Minor children (until age 21)
- ✅ Disabled or chronically ill beneficiaries
- ✅ Beneficiaries less than 10 years younger
10-Year Rule Beneficiaries:
- ⚡ Adult children (over 21)
- ⚡ Grandchildren
- ⚡ Other non-spouse family members
- ⚡ Non-family beneficiaries (trusts, charities)
💡 Tip: You don't have to take equal amounts each year — but you must empty the account by December 31 of year 10. Consider spreading withdrawals evenly to avoid large tax bills in year 10.
📄IRS Uniform Lifetime Table (2022)
The distribution period (life expectancy factor) from the IRS Uniform Lifetime Table is used to calculate your RMD. Divide your Dec 31 prior-year balance by this factor.
| Age | Factor | Age | Factor | Age | Factor |
|---|---|---|---|---|---|
| 73 | 26.5 | 90 | 12.2 | 107 | 4.1 |
| 74 | 25.5 | 91 | 11.5 | 108 | 3.9 |
| 75 | 24.6 | 92 | 10.8 | 109 | 3.7 |
| 76 | 23.7 | 93 | 10.1 | 110 | 3.5 |
| 77 | 22.9 | 94 | 9.5 | 111 | 3.4 |
| 78 | 22 | 95 | 8.9 | 112 | 3.3 |
| 79 | 21.1 | 96 | 8.4 | 113 | 3.1 |
| 80 | 20.2 | 97 | 7.8 | 114 | 3 |
| 81 | 19.4 | 98 | 7.3 | 115 | 2.9 |
| 82 | 18.5 | 99 | 6.8 | 116 | 2.8 |
| 83 | 17.7 | 100 | 6.4 | 117 | 2.7 |
| 84 | 16.8 | 101 | 6 | 118 | 2.5 |
| 85 | 16 | 102 | 5.6 | 119 | 2.3 |
| 86 | 15.2 | 103 | 5.2 | 120 | 2 |
| 87 | 14.4 | 104 | 4.9 | — | — |
| 88 | 13.7 | 105 | 4.6 | — | — |
| 89 | 12.9 | 106 | 4.3 | — | — |
For informational purposes only. RMD rules are complex — consult a qualified financial advisor or tax professional. Based on 2024 IRS regulations.