2022 RMD Update

The IRS released final regulations, effective January 1, 2022, updating the lifetime distribution tables, which should be used for calculating 2022 Required Minimum Distributions (RMDs) and later years.

RMDs: Required Minimum Distributions

Getting the most from your RMD.


What's an RMD?

Generally, starting when you’re 72, you’re required to take mandatory withdrawals from your Traditional IRA, Rollover, SEP, or SIMPLE IRA. This annual withdrawal is known as a required minimum distribution (RMD). Roth IRAs are an exception to RMD rules. They do not require withdrawals until after the death of the owner.

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Log in to manage your RMD at T. Rowe Price.

Key RMD Deadlines

  • If you turned 72* prior to January 1, 2022, you must take your 2022 RMD before December 31, 2022. As a reminder, if your first RMD was required in 2021, and you haven’t already taken it, please be sure to take your 2021 RMD before April 1, 2022.

  • If you turn 72 in 2022, you first RMD is due by April 1, 2023. If you defer your first RMD (2022 RMD) until April 1, 2023, please note you will also need to take your 2023 RMD before December 31, 2023.

  • If you inherit an IRA, RMD rules apply.

  • Non-IRA retirement plans, such as 401(k) or 403(b) plans, may have different deadlines. Please speak with your plan administrator for details.

Consider the tax implications.


Generally, your RMDs are taxed as regular income within the year they are taken. RMDs can also be subject to state and local taxes. Please consult a tax professional for more detailed information.

What you do with your RMD is your choice.


Before you take your RMD, here are four questions to consider:

If you don’t need your RMD for living expenses, here are three options:

Reinvest your RMD.

You can use it to potentially grow your investment portfolio. Simply reinvest the distribution into an existing general investing account or open a new general investing account to help you save for goals that are important to you. Earnings in a general account are taxable, but you have the flexibility to manage the money without limits, penalties or restriction.

Help a loved one pay for college.

You can use your RMD to invest in a 529 college savings plan. These funds can be used for college costs, but also K-12 expenses and student loan repayment. Any earnings are tax-free when used for qualified expenses.

Support a charity you believe in.

Satisfy your RMD by donating up to $100,000 to one or more eligible charities, known as a qualified charitable distribution (QCD). The distribution is excluded from taxable income.

Make your RMD easy.

We've made it simple to set up your required minimum distribution application for your T. Rowe Price IRAs. As a T. Rowe Price client, you can log in and set up your distribution using our Auto-RMD tool. The entire process only takes about 20 minutes, and if you have questions or need help, our retirement specialists are available to assist you.

How much will your RMD be?


Our RMD calculator can help you estimate your annual distribution amount. You will need to calculate your RMD each year because it is based on your current age and account balances at the prior year-end.

The IRS released final regulations, effective January 1, 2022, updating the lifetime distribution tables, which should be used for calculating 2022 Required Minimum Distributions (RMDs) and later years.

RMD Calculator Maintenance

The RMD Calculator is not available right now. Clients can log in to view their 2022 T. Rowe Price RMD.

If you need to calculate your 2021 RMD, please call T. Rowe Price at 1-888-421-0563.

Already have an account?

Log in to manage your RMD at T. Rowe Price.

Have more RMD questions? Speak with a T. Rowe Price Financial Consultant at 1-888-421-0563.

All investments are subject to market risk, including the possible loss of principal.

This material has been prepared for general and educational purposes only. This material does not provide recommendations concerning investments, investment strategies, or account types. It is not individualized to the needs of any specific investor and is not intended to suggest that any particular investment action is appropriate for you, nor is it intended to serve as the primary basis for investment decision-making. Any tax-related discussion contained in this material, including any attachments/links, is not intended or written to be used, and cannot be used, for the purpose of (i) avoiding any tax penalties or (ii) promoting, marketing, or recommending to any other party any transaction or matter addressed herein. Please consult your independent legal counsel and/or tax professional regarding any legal or tax issues raised in this material.

*The SECURE Act changed the RMD age requirement from 70½ to 72 and is applicable to those who turned 70½ on or after January 1, 2020.

Be sure to review any 529 college savings plan offered by your home state or your beneficiary’s home state, as there may be state tax or other state benefits, such as financial aid, scholarship funds, and protection from creditors that are only available for investments in the home state’s plan. Be sure to read the college savings plan’s disclosure document, which includes investment objectives, risks, fees, charges and expenses, and other information you should read and consider carefully before investing. Tax benefits may be conditioned on meeting certain requirements, such as residency, purpose for or timing of distributions, or other factors, as applicable.

While distributions from 529 college savings plans for elementary or secondary education tuition expenses are federally tax-free, state tax treatment will vary and could include state income taxes assessed, the recapture of previously deducted amounts from state taxes, and/or state-level penalties.