RMD Calculator Assumptions

The RMD Calculator is intended to serve as an informational tool only, and should not be construed as legal, investment, or tax advice. You are responsible for calculating and withdrawing your RMD. If you do not take the full amount of your RMD for a year, you may be subject to a 50% federal penalty tax, called an excess accumulations penalty, on the difference between the amount that should have been withdrawn and the amount actually withdrawn. Please consult with a tax or legal advisor about your unique circumstances.

The RMD for a year is determined by dividing the previous year-end's fair market value (on December 31) by the applicable distribution period (from the appropriate life expectancy table). The year-end value may need to be adjusted for certain events.

The results from the RMD Calculator are based on the information that you provide, and are only as valid as the information provided by you. T. Rowe Price cannot guarantee the accuracy of the results.

This RMD calculator is not appropriate for calculating RMDs required by beneficiaries.

For purposes of illustration, the calculations performed by the RMD Calculator use the following assumptions:

  • Only the RMD calculation methods as stated in the 2002 final regulations are used to calculate RMD amounts in this calculator. The RMD Calculator uses the IRS Uniform Lifetime Table to calculate RMD amounts unless you provide the month and year of birth of your sole spousal beneficiary who is 10 years or more younger than you. In that case, the tool will use the Joint Life and Survivor Expectancy Table to calculate your RMD for the current and for future year projections.

  • The tool will only apply the Joint Life and Survivor Expectancy Table if the attained age of your spouse is greater than 10 years younger than your attained age in the same calendar year. Your "attained age" is your age upon your birthday in that calendar year.