This calculator lets you build up your traditional IRA or 401(k) balance up until age 70 1/2 when you must start making taxable distributions. It then uses the "recalculation" method for three cases to determine your minimum withdrawals in following years. The remainder of your balance grows tax deferred in the account until withdrawn. The three cases shown are: 1) MDIB, the new standard for everybody! Your IRA/401(k) custodian is now required to distribute out this amount each year. 2) Single life 3) Joint life (spousal) beneficiary where the two people are exactly the same age.
Have fun!
MDIB | Single Life | Same Age Spouse | |||||||
---|---|---|---|---|---|---|---|---|---|
Age | Divisor | Balance | Minimum Withdrawal | Divisor | Balance | Minimum Withdrawal | Divisor | Balance | Minimum Withdrawal |
70 | 27.4 | 100000 | 3649 | 17.0 | 100000 | 5882 | 21.8 | 100000 | 4587 |
71 | 26.5 | 96350 | 3635 | 16.3 | 94117 | 5774 | 20.9 | 95412 | 4565 |
72 | 25.6 | 92714 | 3621 | 15.5 | 88343 | 5699 | 20.0 | 90847 | 4542 |
73 | 24.7 | 89092 | 3606 | 14.8 | 82643 | 5584 | 19.2 | 86305 | 4495 |
74 | 23.8 | 85485 | 3591 | 14.1 | 77059 | 5465 | 18.4 | 81810 | 4446 |
75 | 22.9 | 81894 | 3576 | 13.4 | 71594 | 5342 | 17.6 | 77363 | 4395 |
76 | 22.0 | 78317 | 3559 | 12.7 | 66251 | 5216 | 16.8 | 72968 | 4343 |
77 | 21.2 | 74757 | 3526 | 12.1 | 61035 | 5044 | 16.0 | 68624 | 4289 |
78 | 20.3 | 71231 | 3508 | 11.4 | 55990 | 4911 | 15.2 | 64335 | 4232 |
79 | 19.5 | 67722 | 3472 | 10.8 | 51079 | 4729 | 14.5 | 60103 | 4145 |
80 | 18.7 | 64249 | 3435 | 10.2 | 46349 | 4544 | 13.8 | 55958 | 4054 |
81 | 17.9 | 60813 | 3397 | 9.7 | 41805 | 4309 | 13.1 | 51903 | 3962 |
82 | 17.1 | 57416 | 3357 | 9.1 | 37495 | 4120 | 12.4 | 47941 | 3866 |
83 | 16.3 | 54058 | 3316 | 8.6 | 33375 | 3880 | 11.7 | 44074 | 3767 |
84 | 15.5 | 50742 | 3273 | 8.1 | 29494 | 3641 | 11.1 | 40307 | 3631 |
85 | 14.8 | 47468 | 3207 | 7.6 | 25853 | 3401 | 10.5 | 36676 | 3493 |
86 | 14.1 | 44261 | 3139 | 7.1 | 22451 | 3162 | 9.9 | 33183 | 3351 |
87 | 13.4 | 41122 | 3068 | 6.7 | 19289 | 2879 | 9.4 | 29831 | 3173 |
88 | 12.7 | 38053 | 2996 | 6.3 | 16410 | 2604 | 8.8 | 26658 | 3029 |
89 | 12.0 | 35057 | 2921 | 5.9 | 13805 | 2339 | 8.3 | 23628 | 2846 |
90 | 11.4 | 32135 | 2818 | 5.5 | 11465 | 2084 | 7.8 | 20781 | 2664 |
91 | 10.8 | 29316 | 2714 | 5.2 | 9380 | 1804 | 7.4 | 18117 | 2448 |
92 | 10.2 | 26602 | 2608 | 4.9 | 7576 | 1546 | 7.0 | 15669 | 2238 |
93 | 9.6 | 23994 | 2499 | 4.6 | 6030 | 1311 | 6.6 | 13430 | 2034 |
94 | 9.1 | 21494 | 2362 | 4.3 | 4719 | 1097 | 6.2 | 11395 | 1838 |
95 | 8.6 | 19132 | 2224 | 4.1 | 3622 | 883 | 5.8 | 9557 | 1647 |
96 | 8.1 | 16907 | 2087 | 3.8 | 2738 | 720 | 5.5 | 7909 | 1438 |
97 | 7.6 | 14820 | 1950 | 3.6 | 2017 | 560 | 5.2 | 6471 | 1244 |
98 | 7.1 | 12870 | 1812 | 3.4 | 1457 | 428 | 4.8 | 5227 | 1088 |
99 | 6.7 | 11057 | 1650 | 3.1 | 1028 | 331 | 4.5 | 4138 | 919 |
100 | 6.3 | 9407 | 1493 | 2.9 | 696 | 240 | 4.2 | 3218 | 766 |
101 | 5.9 | 7914 | 1341 | 2.7 | 456 | 169 | 3.9 | 2452 | 628 |
102 | 5.5 | 6572 | 1195 | 2.5 | 287 | 114 | 3.6 | 1823 | 506 |
103 | 5.2 | 5377 | 1034 | 2.3 | 172 | 74 | 3.3 | 1316 | 399 |
104 | 4.9 | 4343 | 886 | 2.1 | 97 | 46 | 3.0 | 917 | 305 |
105 | 4.5 | 3457 | 768 | 1.9 | 51 | 26 | 2.7 | 611 | 226 |
106 | 4.2 | 2688 | 640 | 1.7 | 24 | 14 | 2.4 | 385 | 160 |
107 | 3.9 | 2048 | 525 | 1.5 | 9 | 6 | 2.2 | 224 | 102 |
108 | 3.7 | 1523 | 411 | 1.4 | 3 | 2 | 1.9 | 122 | 64 |
109 | 3.4 | 1111 | 326 | 1.2 | 0 | 0 | 1.7 | 58 | 34 |
110 | 3.1 | 784 | 253 | 1.1 | 0 | 0 | 1.5 | 23 | 15 |
111 | 2.9 | 531 | 183 | 1.0 | 0 | 0 | 1.2 | 7 | 6 |
112 | 2.6 | 348 | 133 | 0.0 | 0 | 0 | 1.0 | 1 | 1 |
113 | 2.4 | 214 | 89 | 0.0 | 0 | 0 | 0.0 | 0 | 0 |
114 | 2.1 | 125 | 59 | 0.0 | 0 | 0 | 0.0 | 0 | 0 |
Total Withdrawn | $ 99,912 | $ 99,980 | $ 99,981 |