Why RMDs exist
Traditional 401(k) and IRA money was never taxed. The IRS eventually wants its cut, so starting at age 73 you must distribute a growing percentage every year or face a 25% penalty.
Required minimum distribution calculator
Calculate your required minimum distribution from 401(k) or traditional IRA accounts.
Results
Required distribution
$30,487.80
Life expectancy factor
24.6
As % of balance
4.07%
Penalty if missed
$7,621.95
Frequently asked questions
1.Can I avoid RMDs?
Roth IRAs have no RMDs for the original owner. Roth 401(k)s are RMD-free as of 2024.
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