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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.
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.)
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.
Use one of these worksheets to calculate your Required Minimum Distribution from your own IRAs, including SEP IRAs and SIMPLE IRAs . Calculate required minimum distributions for your IRA with these withdrawals worksheets.
Calculating the required minimum distribution. The required minimum distribution for any year is the account balance as of the end of the immediately preceding calendar year divided by a distribution period from the IRS’s “Uniform Lifetime Table.”
Use our required minimum distribution (RMD) calculator to determine how much money you need to take out of your traditional IRA or 401 (k) account this year.
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 Your RMD. Table** below to. = find the factor using the age you turn this year. Example. $100,000.00. Account Balance. as of December 31 last year* 23.7. ÷ Divisor.