RMD (Required Minimum Distribution)
Calculate RMD (Required Minimum Distribution) instantly with the exact formula and a worked example.
RMD (Required Minimum Distribution)
Account balance on December 31 of last year$
Age this yearyears
Required minimum distribution for the year (RMD)
20,325$
Distribution period
24.6
Share of balance
4.07%
Per month
1694$
More about: RMD (Required Minimum Distribution)
What it calculates
The “RMD (Required Minimum Distribution)” calculator computes Required minimum distribution for the year (RMD) in $ from 2 parameters: account balance on december 31 of last year ($), age this year (years).
Helps estimate your tax burden, check deductions, and plan tax payments.
Example calculation
With parameters Account balance on December 31 of last year = 500,000 $, Age this year = 75 years the result is 20,325 $ (Under SECURE 2.0, distributions are required from age 73 (75 for those born in 1960 or later)).
How to use
- Enter account balance on december 31 of last year and age this year — each field above is adjustable with a slider.
- Required minimum distribution for the year (RMD) ($) is calculated automatically as you type.
- Check the worked example below to see the formula applied to real numbers.
- Copy the result or bookmark this calculator.
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FAQ
How does sales tax work in the US?
Sales tax is added to the price of goods at checkout and varies by state and locality. For example: California 7.25%, New York ~8%, Texas 8.25%, Florida 6%. Some states have no statewide sales tax.
How do I add sales tax to a price?
Multiply the pre-tax price by the tax rate to get the tax amount, then add it to the price. Example: $1,000 × 7.25% = $72.50 tax, for a $1,072.50 total.
How do I extract tax from a tax-inclusive total?
Divide the total by (1 + rate). Example: a $1,072.50 total at 7.25% gives a $1,000 pre-tax price, so the tax was $72.50. Use the “tax included” toggle to do this automatically.
What is VAT and how is it different?
VAT (Value Added Tax) is used across the EU and many other countries, typically 17–27%, and is usually shown included in the displayed price. US sales tax is normally added at checkout instead.
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