This minimum required distribution calculator can help you estimate your MRD for a traditional IRA, 401k and 403b plan. By entering your current age, retirement account balance and an expected return on investment for the account, this calculator provides an estimate of your current and future minimum required distribution payments.
Calculator Definitions
The variables used in our online calculator are defined in detail below, including how to interpret the results.
This is your current age in years. This calculator accommodates retirement plan participants of any age, including those younger and older than age 70 1/2.
Minimum Required Distribution Assets ($)
These are your total assets subject to a minimum required distribution. This includes can include a traditional IRA, 401k plan or 403b account.
Expected Return on Investments (%)
This is the annual rate of return you expect to realize on this retirement fund. If you don't want to increase your retirement fund by this factor, you can just enter zero.
Minimum Required Distributions
The results of this calculation provide you with the age, MRD factor, minimum required distribution and your remaining retirement account balance.
Age
This value allows you to see how the present and / or a projection of your distributions will vary by age.
MRD Factor
This is the minimum required distribution factor taken from the IRS Publication 590. These factors are from the Uniform Lifetime Table which is used for unmarried owners, married owners whose spouses are not more than 10 years younger and married owners whose spouses are not the sole beneficiaries of their IRAs.
Minimum Required Distribution or MDR ($)
This is an estimate of the minimum required distribution based on the Uniform Lifetime Table (see statement above). If this table does not apply to your situation, then you need to consult IRS Publication 590 to find the correct factors for you situation.
Fund Balance ($)
This is your projected remaining fund balance after the minimum required distribution has been removed from your account. This fund balance calculation takes into consideration both the minimum required distribution for a particular year as well as your assumed return on investment.
Minimum Required Distribution Calculator - Copyright ® 2006 Money-Zine.com
Disclaimer: These online calculators are made available and meant to be used as a screening tool for the investor. The accuracy of these calculations is not guaranteed nor is its applicability to your individual circumstances. You should always obtain personal advice from qualified professionals.
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