RMD Calculator
Required withdrawals, without the guesswork.
Estimate this year's required minimum distribution from a traditional IRA, plus a look at the next few years. Educational only, your tax advisor has the final word.
Required minimum distributions currently begin at age 73.
Use the balance from your year-end statement. Each IRA custodian reports this figure.
| Age | Divisor | Estimated RMD |
|---|---|---|
| 75 | 24.6 | $10,163 |
| 76 | 23.7 | $10,549 |
| 77 | 22.9 | $10,917 |
| 78 | 22.0 | $11,364 |
| 79 | 21.1 | $11,848 |
The projection holds your balance flat for simplicity. Actual RMDs change each year with your balance and the IRS table.
Educational estimate only, not tax or investment advice. Withdrawals are generally taxable income. Contribution limits, deadlines and tax treatment depend on your situation. Please talk with your tax advisor. Member FDIC.
Why run this
A December scramble is nobody's idea of retirement.
Know the number early
An estimate in January lets you spread withdrawals across the year instead of rushing one big one before the deadline.
Help from people you know
Branch staff who have served the Shenango Valley since 1911 can help with distribution paperwork. Your tax advisor covers the tax side.
Keep the money working
Many customers move a distribution into savings or a CD at the bank. A banker can explain the account options any weekday.
Take the guesswork out of required withdrawals.
Bring your year-end statement to any branch and we will help with the distribution paperwork. Your tax advisor can confirm what fits your situation.