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IRS UNIFORM LIFETIME TABLE To calculate RMDs, use the following formula for each account: Account Balance as of December 31 last year* Life Expectancy Factor see the Uniform Lifetime Table** below to find the factor using the age you turn this year ÷ = Your RMD Example $100,000.00 Account Balance as of December 31 last year* 23.7 Divisor
Use one of these worksheets to calculate your Required Minimum Distribution from your own IRAs, including SEP IRAs and SIMPLE IRAs .
IRA Required Minimum Distribution (RMD) Table for 2024. When you hit a certain age, you must start taking a minimum amount from your IRA. Use our RMD table to see how much you need to take out.
Use our RMD calculator to help you estimate your RMD or visit the RMD center for more information on automating your RMDs from schwab.com.
The IRS provides tables that show you which life expectancy numbers to use based on your age and if you are sharing your RMD with a spouse. (Scroll down to see our calculator.)
This worksheet is intended to provide a basic understanding of how your RMD is calculated. Other factors may impact this calculation and/or the timing requirement(s) of your RMD.
Use this calculator to determine your Required Minimum Distribution (RMD). The IRS requires that you withdraw at least a minimum amount - known as a Required Minimum Distribution - from some types of retirement accounts annually.