Required Minimum Distribution

If you're over age 70½ you may be subject to taking annual withdrawals or required minimum distributions (RMDs) from your tax-deferred retirement accounts such as a traditional IRA. This tool will help you estimate the annual withdrawals you may need to take.
Calculator Assumptions
Scroll over the chart below to show your estimated RMD over the next...years based on your inputs.
 
Your Required Minimum Distribution is:
$(...)(starting at the age of )
Account Balance:
(As of 12/31 of last year)
$0
$3M

Please enter an Account Balance that is $5M or less.
Your Date of Birth:
Please enter a valid date of birth, 1925 to present.
Primary Beneficiary:
Date of Birth:
Please enter a valid date of birth, 1925 to present.
Est. Rate of Return (%)
0%
12%
%

Please enter a rate of return that is 20% or less.

Beneficiary Required Minimum Distribution

Beneficiaries of a retirement plan can choose to keep the assets in a tax-deferred traditional or inherited IRA account. These accounts may be required by the IRS to take annual withdrawals or required minimum distributions (RMDs). This tool will help you estimate the annual withdrawals you may need to take.
Calculator Assumptions
Scroll over the chart below to show your estimated RMD over the next...years based on your inputs.
 
Your Required Minimum Distribution is:
$(...)(starting at the age of )
Account Balance:
(As of 12/31 of last year)
$0
$3M

Please enter an Account Balance that is $5M or less.
Original Account Holder:
Date of Birth:
Date of Death:
Please enter a valid date of birth, 1925 to present.
Please enter a valid date of death.
Primary Beneficiary:
Traditional IRA
Date of Birth:
Please enter a valid date of birth, 1925 to present.
Est. Rate of Return (%)
0%
12%
%

Please enter a rate of return that is 20% or less.
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Calculator Assumptions

Account Balance

This is the fair market value your traditional IRA accounts on 12/31 of last year. You can look at your year end statement for that value. If you took a Qualified Charitable Distribution, speak with a tax advisor about how to calculate your RMD.

Primary Beneficiary

We use this information to determine which life expectancy table you need to use according to the IRS.

Estimated Rate of Return

Your required minimum distribution is affected by your future account balances, which are in turn based on the estimated rate of return on your account. Please input what you believe your possible rate of return on your account will be going forward. Your rate of return cannot be predicted with any certainty and is based on the types of securities that you hold and the respective performance of those securities. Please keep in mind that the actual rate of return may differ greatly from your input, including potential loss of principal due to market fluctuations.

Schwab is not responsible for the accuracy or completeness of the information you provide, including what you determine to be your projected rate of return. Please check your records carefully before entering information into the calculator and keep in mind that these calculations are estimates only.

The tax information in the calculator is not intended as a substitute for specific individualized tax, legal or investment planning advice. Where specific advice is necessary or appropriate, Schwab recommends you consult with a qualified tax advisor, CPA, financial planner or investment manager.

(0212-0758)

Calculator Assumptions

Account Balance

This is the fair market value your traditional IRA accounts on 12/31 of last year. You can look at your year end statement for that value. If you took a Qualified Charitable Distribution, speak with a tax advisor about how to calculate your RMD.

Traditional IRA

Traditional, Rollover, SEP and SIMPLE IRA are accounts created and funded by an individual where the assets grow tax-deferred.

Inherited IRA

An Inherited IRA is a special kind of retirement savings account, created specifically for beneficiaries of most types of retirement accounts. Assets continue to grow tax-deferred, but you must take a required minimum distribution each year.

Primary Beneficiary

While only spouse beneficiaries have the option of moving the inherited assets into a Traditional IRA in their own name, both spouse and non-spouse beneficiaries have the ability to open an Inherited IRA. Please note that the IRS has different rules on how the Required Minimum Distribution is calculated for an Inherited IRA based on the beneficiary and the age of the account owner at death. For more information, please view IRS Publication 590.

Estimated Rate of Return

Your required minimum distribution is affected by your future account balances, which are in turn based on the estimated rate of return on your account. Please input what you believe your possible rate of return on your account will be going forward. Your rate of return cannot be predicted with any certainty and is based on the types of securities that you hold and the respective performance of those securities. Please keep in mind that the actual rate of return may differ greatly from your input, including potential loss of principal due to market fluctuations.

Schwab is not responsible for the accuracy or completeness of the information you provide, including what you determine to be your projected rate of return. Please check your records carefully before entering information into the calculator and keep in mind that these calculations are estimates only.

The tax information in the calculator is not intended as a substitute for specific individualized tax, legal or investment planning advice. Where specific advice is necessary or appropriate, Schwab recommends you consult with a qualified tax advisor, CPA, financial planner or investment manager.

NOTICE TO TRUST BENEFICIARIES

Calculations for distributions from a trust are complicated and dependent on the set up of the trust and beneficiaries of the trust. We suggest you contact your tax advisor.

Schwab is not responsible for the accuracy or completeness of the information you provide, including what you determine to be your projected rate of return. Please check your records carefully before entering information into the calculator and keep in mind that these calculations are estimates only.

The tax information in the calculator is not intended as a substitute for specific individualized tax, legal or investment planning advice. Where specific advice is necessary or appropriate, Schwab recommends you consult with a qualified tax advisor, CPA, financial planner or investment manager.(0109-7669)

(0212-0758)