Moneyzine
/Retirement Guides/Minimum Required Distribution Calculator

Minimum Required Distribution Calculator

Moneyzine Editor
Author: 
Moneyzine Editor
2 mins
October 4th, 2023
Advertiser Disclosure

This minimum required distribution calculator can help you estimate your MRD for a traditional IRA, 401k, and 403b plan. By entering your current age, retirement account balance, and an expected return on investment for the account, this calculator provides an estimate of your current and future minimum required distribution payments.

Inputs

$

Result

AgeLife Expectancy FactorRMD ($)Fund Balance ($)

Calculator Definitions

The variables used in our online calculator are defined in detail below, including how to interpret the results.

Current Age (Years)

Minimum Required Distribution Assets ($)

These are your total assets subject to a minimum required distribution. These retirement funds can include a traditional IRA, 401k plan, or 403b account.

Expected Return on Investments (%)

This is the annual rate of return you expect to realize on these retirement assets. If you don't want to increase your retirement accounts by this factor, then you can just enter zero.

Minimum Required Distributions

The results of this calculation provide you with the age, MRD factor, minimum required distribution, and your remaining retirement account balance.

Age

This value allows you to see how the present and / or a projection of your distributions will vary by age.

MRD Factor

This is the minimum required distribution factor taken from the IRS Publication 590. These factors are from the Uniform Lifetime Table, which is used for unmarried owners, married owners whose spouses are not more than 10 years younger and married owners whose spouses are not the sole beneficiaries of their IRAs.

MRD ($)

This is an estimate of the minimum required distribution, based on the Uniform Lifetime Table (see statement above). If this table does not apply to your situation, then you need to consult IRS Publication 590 to find the correct factors for your situation.

Fund Balance ($)

This is your projected remaining fund balance after the minimum required distribution has been removed from your account. This fund balance calculation takes into consideration both the minimum required distribution for a particular year, as well as your assumed return on investment.


Disclaimer: These online calculators are made available and meant to be used as a screening tool for the investor. The accuracy of these calculations is not guaranteed nor is its applicability to your individual circumstances. You should always obtain personal advice from qualified professionals.

Related Content

How to Make a Million Dollars in 10 Years
Truthfully, this title should actually be “How to Make a Million Dollars in 10 Years Without Going Into Debt", but that is just getting a little too winded for my liking. It’s true though!
March 26th, 2024
How to Apply Maslow’s Hierarchy to Your Money This Year
You might vaguely remember your psychology teacher talking about Maslow. He pointed at a picture of a triangle as you nodded off in the back of the school room.
March 27th, 2024
How to Tackle Multiple Savings Goals
When there’s only so much money to go around, there are often multiple savings goals competing for your money. Think of the young professional who’d like to get a more reliable car, buy a house, and save for retirement. Or consider the young family that’s saving for college, retirement, and a bigger house.
March 22nd, 2024
The Countdown to Early Retirement: 10 Expenses to Eliminate
Dreaming of waving goodbye to the daily grind five years ahead of schedule? The road to early retirement is paved with more than good intentions; it requires a meticulously crafted strategy with surprising twists. It's not solely about what you should be doing—like diligently saving a portion of your income or investing wisely—but also about what you need to stop doing.
March 22nd, 2024
What’s Your One Page Financial Plan? Mapping out Your Future
“What’s your one page financial plan?” — This is the absolute best question that I’ve heard asked in a long time. Instead of talking about your hot stock pick or your fancy investment that shields you from paying taxes, I think it’s time for all of us to step back and ask ourselves the most intelligent question of all, “Why the heck do I care about money anyway??”
March 14th, 2024

Contributors

Moneyzine 2024. All Rights Reserved.