Finance

RMD Calculator

Required minimum distribution.

Calculated Output

Required minimum distribution ($) 19,531.25

Step-by-Step Breakdown

1. Values used:

2. Retirement balance = 500,000 $

3. Life expectancy factor = 25.6

4. Required minimum distribution = Retirement balance / Life expectancy factor = 500,000 / 25.6 = 19,531.25$

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Frequently Asked Questions

Which factor?

Your tax agency publishes age-based tables.