Inheritance IRA Distribution Calculator

The prior year-end fair market value of this account. Each account is calculated separately.
The age attained during the distribution year, not the age today.
Optional. Used only to say at what age distributions have to begin.
For an inherited account: the age used to look up the Single Life Table the first time.
The Single Life factor is reduced by one for each of these years.
Used only to project the balance of later years in the distribution table.
Required minimum distribution
15,822.78
Required Minimum Distribution (RMD) Calculator
Distribution period
31.6 years
IRS table used
Single Life Table (Table I)
If taken monthly
1,318.57
Share of the balance
3.1646 %
Still to withdraw this year
15,822.78
Excise tax if the shortfall is not taken
3,955.70
Excise tax if corrected in time
1,582.28
Balance after the distribution
484,177.22
Worked out from Treas. Reg. 1.401(a)(9)-9, Life expectancy and distribution period tables (T.D. 9930) and 3 other sources.
This uses the life-expectancy method. Many beneficiaries under the SECURE Act must instead empty the account within 10 years, and some must also take annual distributions during that period. Which rule applies depends on the beneficiary category and the date of death.
The distribution is calculated per account from its own prior year-end balance. IRAs may be aggregated when taking the total, but 401(k)-type plans generally may not.
Whether a distribution is required, which beneficiary category applies, and whether the 10-year rule replaces life-expectancy payments are tax and legal determinations this tool does not make. Confirm your facts with a qualified tax adviser and against current IRS guidance before acting.

How this is worked out

4 steps
  1. Life expectancy 31.6 at age 55, reduced by one for each of the 0 years since the first distribution year.
  2. RMD = balance / distribution period = 500000 / 31.6 = 15822.78.
  3. Already withdrawn 0, leaving 15822.78 still to take.
  4. A shortfall carries a 25% excise tax under IRC 4974(a), reduced to 10% if corrected within the two-year window.
Projected distributionstable
yearageopeningBalancedistributionPerioddistribution
155500,00031.615,822.78
256484,177.2230.615,822.78
357468,354.4329.615,822.78
458452,531.6528.615,822.78
559436,708.8627.615,822.78
660420,886.0826.615,822.78
761405,063.2925.615,822.78
862389,240.5124.615,822.78
963373,417.7223.615,822.78
1064357,594.9422.615,822.78

Results are general information, not financial, tax, legal, medical or engineering advice.