Per IRS regulations, after reaching age 70½, you are generally required to start withdrawing money from a traditional 401(k) or IRA. Use this calculator to approximate your required minimum distribution based on your age and the value of your accounts.
Note: If your spouse is more than ten years younger than you, please review IRS Publication 590-B to calculate your required minimum distribution.
Additional Information on RMDs:
- IRS RMD FAQ Page
- IRS RMD Comparison Chart (IRAs vs Defined Contribution Plans (e.g., 401(k), profit sharing, and 403(b) plans))
- IRS Publication 575 (Pension and Annuity Income) (discusses distributions from defined contribution plans)
- IRS Publication 590 (Distributions from IRAs)
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