The tools and information provided from this Minimum Distribution Calculator webpage can help you determine the IRS required minimum distribution (RMD) amounts that you are required by law to withdraw each year (starting the year you reach age 70.5) from your employer sponsored retirement plans, including profit-sharing plans, 401(k) plans, 403(b) plans, and 457(b) plans as well as traditional IRAs and IRA-based plans such as SEPs, SARSEPs, SIMPLE IRAs and Roth 401(k) accounts. RMD rules do not apply to Roth IRAs while the owner is alive, therefore this calculator is not intended to be used for Roth account accumulations. Note: if you are participating in the retirement plan where you work and if the plan allows, you do not have to take any RMD from that plan until the year you retire. See the details of your plan for more information.
You should not view or construe the tools and information as a suggestion that you take or refrain from taking a particular course of action, as the advice of an impartial fiduciary, or as an offer to sell or a solicitation to buy any securities. In making the tools and information available to you, we assume that you are capable of evaluating the information and exercising independent judgment. You should not buy or sell any security or other investment property without first considering whether it is appropriate for you based on your own particular situation. TIAA will not perform any suitability or other analysis to check, for example, whether a security or other investment property you select is consistent with your investment objectives. The information derived from this tool is for illustrative purposes only. The purpose of the tool is not to predict future returns, but to be used as an educational tool. You should not rely on this tool as the sole source of making any financial decisions. Contact your tax advisor regarding the tax implications.
The tool provides an RMD amount by dividing the balance of the IRA or retirement plan account that you enter by a life expectancy factor that the IRS publishes in Publication 590-B , Distributions from Individual Retirement Arrangements (IRAs) and projecting it forward and compounding year-to-year based on the rate of return you enter. Note: the tool applies the Uniform Lifetime Table unless the participant or owner’s spouse is the sole beneficiary, and is more than 10 years younger than the spouse, in which case the Joint and Last Survivor Table is used. Note also: if you have a 403(b) any grandfathered amounts entered as subtracted from the calculation until age 75.
Questions? You may contact TIAA at 800-842-2252. We are here to help.