Distribution Calculator - powered by SS&C

Assumptions

Introduction

Based on the information provided, this tool provides the projected required minimum distribution (RMD) amount to withdraw this year and in future years, until age 120. The Distribution Calculator is intended to serve as an informational tool only, and should not be construed as legal, investment, or tax advice. You should discuss your situation with your financial planner, tax advisor, or an estate planning professional before acting on the information you receive from the Distribution Calculator, and to identify specific issues not addressed by the Distribution Calculator.

Projections

IMPORTANT: the projections or other information generated by the Distribution Calculator regarding the likelihood of various investment outcomes are hypothetical in nature, do not reflect actual investment results, and are not guarantees of future results.

Projections in the Results table provided are based on the following assumptions:

The estimates are based on the 2002 final RMD regulations issued by the IRS.
The estimated default annual rate of return entered in the Account Information section.
The required minimum distributions shown are annualized amounts assumed to be withdrawn on December 31 of each year.
For the account owner, the factors used are from the IRS Uniform Lifetime Table. A spouse’s date of birth will only affect the outcome if the spouse is the sole primary beneficiary and is more than ten years younger than the primary account owner, in which case the IRS Joint Life and Last Survivor Expectancy Table will be used and the scheduled RMD amount will be smaller.

Please note:

If an account owner has more than one retirement plan, the RMD amount needs to be calculated for each retirement plan separately.
RMD amounts of all IRAs may be added together (including Traditional, Rollover, SEP, and SIMPLE IRAs) and the total amount withdrawn from one or more IRAs. The same rules apply to 403(b) accounts.
If an account owner has multiple 401(k)s or other employer-sponsored plan accounts, the IRS generally requires account holders to calculate a separate RMD for each retirement plan account and to withdraw the appropriate RMD from each plan.
This report has been provided by DST Retirement Solutions, LLC, an SS&C company. SS&C is not affiliated with E*TRADE Securities LLC or its affiliates (E*TRADE). No information on the SS&C site has been endorsed or approved by E*TRADE or its affiliates, and neither E*TRADE nor its affiliates are responsible for the contents of the SS&C site or any link contained in the SS&C site.

Calculations

You are responsible for the calculation of your RMD and the accuracy of your tax return. Withdrawals of taxable amounts may be subject to ordinary income tax. You should periodically review your overall tax plan with your tax advisor.
The estimated value of your account is not intended to be indicative of future performance in any tax-advantaged retirement accounts.
The actual future value of the retirement accounts and the annual RMD amounts may be higher or lower based on the annual rate of return. This should not be viewed as a prediction or guarantee of future performance. The annual rate of return in the fields provided may be changed as part of the Distribution Calculator. Actual investment performance may produce higher or lower earnings. Securities that have the potential to provide a higher rate of return are associated with a higher level of risk. Many people seek to invest in securities with a lower level of risk as they get closer to retirement. Actual investment returns will vary, particularly in the long term.
You may begin taking distributions from your retirement accounts without incurring an early withdrawal penalty any time after you turn age 59½. If you do, the actual account balances may be lower when you do reach age 73 than the estimates indicate. The Distribution Calculator assumes that no withdrawals are made from retirement accounts until after age 73. The Calculator also assumes that only the annual RMD amount is withdrawn each year for purposes of calculating estimated future values for your retirement accounts and future RMD amounts.
The Calculator assumes no additional contributions are made to the account balance provided.
The Calculator assumes earnings on each account are reinvested on December 31 of each year.
The Calculator assumes the RMD for each year is withdrawn on December 31 of each year for which an RMD is required.
The Calculator does not consider the effect of taxes on the RMD withdrawn and the amount owed in taxes on the withdrawal is not calculated.
The Distribution Calculator will not correctly calculate RMDs for inherited accounts, because different calculation rules apply.
The Distribution Calculator's results may vary with each use and may change over time due to updates to the Calculator or because of changes in personal circumstances or market conditions. Consider returning to the Calculator at least annually for updated results.

Required Minimum Distribution (RMD) Calculator

How much may I need to withdraw?

Your information

Account information

Beneficiary information


	Required Minimum Distribution (RMD) Calculator How much may I need to withdraw? Assumptions Your information Account information (estimated) Beneficiary information Include beneficiary? Yes No Beneficiary type Spouse Non-spouse VIEW RESULTS What this calculator does: The IRS has published new Life Expectancy figures effective 1/1/2022. This calculator has been updated to reflect the new figures. Do not use this calculator if this is your first RMD and you have deferred it to 4/1/22 as the 2020 (https://www.irs.gov/publications/p590b) life expectancy table must be used to calculate the distribution amount. Effective 1/1/2023 the Secure Act 2.0 increased the starting age for required minimum distributions to 73 years of age. If over age 73, the calculator determines the required minimum distribution (RMD) amount that must be withdrawn this year, and projects RMD amounts that may need to be withdrawn in future years Prints a report showing projected RMD results and the assumptions for easy reference Learn more about RMDs with the RMD Factsheet Remember: If you have more than one IRA, you must calculate the RMD for each IRA separately each year. However, you may aggregate your RMD amounts for all of your IRAs and withdraw the total from one IRA or a portion from each of your IRAs. SS&C is not affiliated with ETRADE Securities LLC or its affiliates (ETRADE). No information on the SS&C site has been endorsed or approved by ETRADE or its affiliates, and neither ETRADE nor its affiliates are not responsible for the contents of the SS&C site or any link contained in the SS&C site. Securities products and services are offered by ETRADE Securities LLC, Member SIPC, a subsidiary of Morgan Stanley. System response and account access times may vary due to a variety of factors, including trading volumes, market conditions, system performance, and other factors.* X Assumptions Introduction Based on the information provided, this tool provides the projected required minimum distribution (RMD) amount to withdraw this year and in future years, until age 120. The Distribution Calculator is intended to serve as an informational tool only, and should not be construed as legal, investment, or tax advice. You should discuss your situation with your financial planner, tax advisor, or an estate planning professional before acting on the information you receive from the Distribution Calculator, and to identify specific issues not addressed by the Distribution Calculator. Projections IMPORTANT: the projections or other information generated by the Distribution Calculator regarding the likelihood of various investment outcomes are hypothetical in nature, do not reflect actual investment results, and are not guarantees of future results. Projections in the Results table provided are based on the following assumptions: The estimates are based on the 2002 final RMD regulations issued by the IRS. The estimated default annual rate of return entered in the Account Information section. The required minimum distributions shown are annualized amounts assumed to be withdrawn on December 31 of each year. For the account owner, the factors used are from the IRS Uniform Lifetime Table. A spouse’s date of birth will only affect the outcome if the spouse is the sole primary beneficiary and is more than ten years younger than the primary account owner, in which case the IRS Joint Life and Last Survivor Expectancy Table will be used and the scheduled RMD amount will be smaller. Please note: If an account owner has more than one retirement plan, the RMD amount needs to be calculated for each retirement plan separately. RMD amounts of all IRAs may be added together (including Traditional, Rollover, SEP, and SIMPLE IRAs) and the total amount withdrawn from one or more IRAs. The same rules apply to 403(b) accounts. If an account owner has multiple 401(k)s or other employer-sponsored plan accounts, the IRS generally requires account holders to calculate a separate RMD for each retirement plan account and to withdraw the appropriate RMD from each plan. This report has been provided by DST Retirement Solutions, LLC, an SS&C company. SS&C is not affiliated with ETRADE Securities LLC or its affiliates (ETRADE). No information on the SS&C site has been endorsed or approved by ETRADE or its affiliates, and neither ETRADE nor its affiliates are responsible for the contents of the SS&C site or any link contained in the SS&C site. Calculations You are responsible for the calculation of your RMD and the accuracy of your tax return. Withdrawals of taxable amounts may be subject to ordinary income tax. You should periodically review your overall tax plan with your tax advisor. The estimated value of your account is not intended to be indicative of future performance in any tax-advantaged retirement accounts. The actual future value of the retirement accounts and the annual RMD amounts may be higher or lower based on the annual rate of return. This should not be viewed as a prediction or guarantee of future performance. The annual rate of return in the fields provided may be changed as part of the Distribution Calculator. Actual investment performance may produce higher or lower earnings. Securities that have the potential to provide a higher rate of return are associated with a higher level of risk. Many people seek to invest in securities with a lower level of risk as they get closer to retirement. Actual investment returns will vary, particularly in the long term. You may begin taking distributions from your retirement accounts without incurring an early withdrawal penalty any time after you turn age 59½. If you do, the actual account balances may be lower when you do reach age 73 than the estimates indicate. The Distribution Calculator assumes that no withdrawals are made from retirement accounts until after age 73. The Calculator also assumes that only the annual RMD amount is withdrawn each year for purposes of calculating estimated future values for your retirement accounts and future RMD amounts. The Calculator assumes no additional contributions are made to the account balance provided. The Calculator assumes earnings on each account are reinvested on December 31 of each year. The Calculator assumes the RMD for each year is withdrawn on December 31 of each year for which an RMD is required. The Calculator does not consider the effect of taxes on the RMD withdrawn and the amount owed in taxes on the withdrawal is not calculated. The Distribution Calculator will not correctly calculate RMDs for inherited accounts, because different calculation rules apply. The Distribution Calculator's results may vary with each use and may change over time due to updates to the Calculator or because of changes in personal circumstances or market conditions. Consider returning to the Calculator at least annually for updated results.