Merrill - Required Minimum Distribution (Calculator)

Required Minimum Distribution

New RMD Rule (Effective 2023): Starting in 2023, individuals who turn age 73 on or after 2023 must begin taking RMDs. However, beginning in 2033, the RMD age will increase to 75. This means that anyone turning 75 after 2032 will not need to take an RMD until they reach age 75.

Holders of traditional IRAs and other tax-deferred savings accounts are generally required to take minimum distributions once they reach age 73, or age 75 starting in 2033. This calculator will help you determine your required minimum distributions based on IRS rules.

If you are 73 or older, the calculator will estimate your next distribution. If you are not yet 73, it will calculate your expected balance at age 73 or age 75 and estimate your first distribution based on that.

What is your date of birth?

Month

Day

Year

What was your account balance as of December 31 of the previous year? (enter in whole dollars, with no cents)

If you are younger than 73, which approximate rate of return do you expect to earn between now and when you turn 73?

If you are married, is your spouse more than 10 years younger than you AND designated as the sole account beneficiary?

If yes, what is your spouse's year of birth?