RMD Calculator: $300,000 Balance at Age 72
Calculate the required minimum distribution for a $300,000 IRA or 401(k) balance at age 72.
How to use this tool
- Enter your account balance as of December 31 of the prior year.
- Select your age this year to apply the IRS Uniform Lifetime Table period.
- Read your estimated RMD, a monthly equivalent, and the percentage of your balance.
- Remember Roth IRAs have no lifetime RMDs and are excluded.
Find your first required minimum distribution for a $300,000 retirement account balance at age 72.
Frequently asked questions
- What is a Required Minimum Distribution?
- An RMD is the minimum amount the IRS requires you to withdraw each year from most tax-deferred retirement accounts once you reach RMD age, so the deferred savings are eventually taxed.
- How is the RMD calculated?
- Divide your prior year-end account balance by the distribution period for your age from the IRS Uniform Lifetime Table. For example, $500,000 ÷ 24.6 (age 75) = $20,325.20.
- At what age do RMDs start?
- Under the SECURE 2.0 Act, RMDs generally begin at age 73 for people who reach age 72 after 2022. Your first RMD can be delayed to April 1 of the following year.
- Do Roth accounts have RMDs?
- Roth IRAs have no RMDs during the original owner's lifetime. Beginning in 2024, designated Roth accounts in employer plans (Roth 401(k)s) also no longer require lifetime RMDs.