CALCULATOR
RMD Calculator with Income Tax Breakdown
The IRS forces you to withdraw a minimum amount from tax-deferred accounts every year starting at age 73. See your exact required distribution, what you'll owe in federal tax, and how it compounds year after year.
Uses IRS Uniform Lifetime Table (2022 revision). Not tax advice. Consult a CPA for your situation.
Your Information
SS, pension, part-time work, etc.
Why RMDs Matter More Than People Think
RMDs are mandatory — the IRS does not care if you need the money or not. Miss one and the penalty is 25% of the amount you failed to withdraw. That's on top of the regular income tax.
The other problem is compounding RMDs. Your account may keep growing faster than you withdraw, so the forced distribution gets larger every year. At 80+, some retirees are pulling out more than they want, pushing them into higher brackets.
Roth IRAs have no RMDs during the owner's lifetime. If you have years before age 73, a Roth conversion strategy can reduce or eliminate future RMDs — and reduce the tax hit your heirs face.
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Roth IRA vs Traditional IRA Comparator
See whether converting now saves more than staying in a traditional IRA and facing RMDs later.