Freedom Capital Advisors
Free RMD Calculator

If you hold a traditional IRA, 401(k), 403(b), or similar tax-deferred retirement account, the IRS requires you to begin taking withdrawals at a certain age, whether you need the income or not. These are called Required Minimum Distributions (RMDs). Under the SECURE 2.0 Act, most taxpayers must begin taking RMDs at age 73. Those born in 1960 or later start at age 75.

Missing an RMD carries real consequences. The IRS can assess a penalty of 25% on the amount not withdrawn, reduced to 10% if corrected within a two-year window. Beyond the penalty, RMDs are taxed as ordinary income, which means they can affect your tax bracket, Medicare premiums (IRMAA), and other income-sensitive calculations. Planning your distributions thoughtfully rather than reactively can make a meaningful difference in what you actually keep.

The calculator below estimates your RMD using the IRS Uniform Lifetime Table (Publication 590-B). Enter your December 31 account balance from the prior year and your age as of this December 31.

RMDs begin at age 73 for most taxpayers (SECURE 2.0 Act, effective 2023). Those born in 1960 or later begin at age 75.
Your Estimated RMD
This calculator uses the IRS Uniform Lifetime Table (updated 2022). Results are estimates for informational purposes only and do not constitute tax or investment advice. If your sole beneficiary is a spouse more than 10 years younger, different IRS tables apply. Consult a qualified tax professional for guidance specific to your situation.

Not Sure What to Do With Your RMD?

Knowing the number is only the first step. How you handle your RMD matters. Whether you reinvest it, spend it strategically, or incorporate it into a broader income plan, the decision can have a significant impact on your long-term financial picture.

Common questions we help clients work through:

  • Should I reinvest my RMD or use it as income?
  • How does my RMD affect my tax bracket this year?
  • Can I use a Qualified Charitable Distribution (QCD) to satisfy my RMD?
  • How do RMDs interact with Social Security and Medicare premiums?
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Additional resources: IRS RMD FAQs  |  IRS Publication 590-B

Disclaimer

This calculator is provided by Freedom Capital Advisors for informational and educational purposes only. Results are estimates based on the IRS Uniform Lifetime Table and may not reflect your complete tax picture. Individual circumstances, including state income tax obligations, multiple account aggregation rules, and beneficiary designations, can affect your actual RMD requirements.

Freedom Capital Advisors is a Registered Investment Adviser and does not provide tax or legal advice. Nothing on this page should be considered a tax opinion or a substitute for guidance from a qualified tax professional. Tax laws are complex and subject to change, and Freedom Capital Advisors cannot guarantee the accuracy or completeness of these results.

We recommend consulting a Certified Public Accountant (CPA) or qualified tax advisor to confirm your distribution requirements, and a licensed financial advisor to understand how your RMD fits within your broader retirement income strategy.