IRA Minimum Distributions


If you hold retirement funds in a tax-deferred account (IRA, 401(k), etc), federal law requires that you begin withdrawing at least a minimum amount each year once you reach age 70 1/2.  This calculator will assist you in determining your required minimum distribution (RMD) under new IRS rules passed in January, 2001.

Please note that the new rules apply automatically to IRAs, but other types of retirement plans must be amended to adopt them (please see your plan
sponsor).  The new rules (which this calculator is based on) also do not apply if your primary beneficiary is a spouse who is more than ten years younger than you.

The deadline for your first RMD is generally April 1 of the year after you reach age 70 1/2.  In subsequent years, your RMD deadline is December 31.

 

Note: Other than decimal points, do not enter any other non-numeric characters (commas, dollar signs, etc.) in the entry boxes. Doing so will cause a JavaScript error.

Titlecalculators.gif (5594 bytes) 

TAX
  Tax Estimator

BORROWING
  Loan Amortization

INVESTMENT
  Portfolio Mix
  Single Future Value
  Periodic Future Value
  IRA Distributions

MORTGAGE
  Mortgage Qualification
  Mortgage Refinancing

BUDGETING
  Net Worth
  Cash Flow
  



Enter your IRA market value on December 31 of the previous year.


Enter the age you will be on December 31st of this year
 


 

Required Minimum Distribution for this year


If you would like an estimated projection of the required minimum distributions from your account until the age 115, please enter the following information:

 

Enter your anticipated rate of return (using past history as your most likely assumption for the future).

 

%

Enter your name
Enter today's date
 



Copyright 1998-2001 Daniel C. Peterson, All Rights Reserved