RMD Tables
The Required Minimum Distribution is important for retirees with an Individual Retirement Account who are over 72. The Internal Revenue Service requires retirees to withdraw a minimum amount for every calendar year after a certain age, and that starts with the age of 72. If you’re 72 or over, you must withdraw a certain amount. Here is how to calculate RMD using simple math.
Age matters
The Required Minimum Distribution (RMD) isn’t the same for every age – at least from a taxpayer’s perspective. The older you get, the more you’ll need to withdraw from your IRA – not necessarily in amount but the portion of the RMD that applies to your age.
Calculating RMD
Use the RMD tables below to figure out which you need to divide your outstanding balance. The older you are, the smaller it is; therefore, you need to withdraw a higher portion. Here are the RMD tables for every age between 72 and 115.
| Age | Divide by | Age | Divide by |
|---|---|---|---|
| 72 | 25.6 | 94 | 9.1 |
| 73 | 24.7 | 95 | 8.6 |
| 74 | 23.8 | 96 | 8.1 |
| 75 | 22.9 | 97 | 7.6 |
| 76 | 22.0 | 98 | 7.1 |
| 77 | 21.2 | 99 | 6.7 |
| 78 | 20.3 | 100 | 6.3 |
| 79 | 19.5 | 101 | 5.9 |
| 80 | 18.7 | 102 | 5.5 |
| 81 | 17.9 | 103 | 5.2 |
| 82 | 17.1 | 104 | 4.9 |
| 83 | 16.3 | 105 | 4.5 |
| 84 | 15.5 | 106 | 4.2 |
| 85 | 14.8 | 107 | 3.9 |
| 86 | 14.1 | 108 | 3.7 |
| 87 | 13.4 | 109 | 3.4 |
| 88 | 12.7 | 110 | 3.1 |
| 89 | 12.0 | 111 | 2.9 |
| 90 | 11.4 | 112 | 2.6 |
| 91 | 10.8 | 113 | 2.4 |
| 92 | 10.2 | 114 | 2.1 |
| 93 | 9.6 | 115+ | 1.9 |
RMD calculation example
If you have $100,000 and you’re 75, you must divide it by 22.9. That brings us to $4,366.81. This is the minimum amount someone with an IRA who’s 75 must withdraw for the year in which they turn that age. Calculating RMD is as simple as this. If you’re looking for additional information, contact your account provider, and even they should be able to point out your required minimum distribution. Take the RMD calculator.
