What Is My Current Year Required Minimum Distribution (RMD)?

Current tax law specifies that once you reach age 70½, you must begin taking RMDs annually from your IRAs and other retirement plans. Generally, the RMD amount is determined based on the prior year’s IRA balance of all your IRA assets divided by your life expectancy. If RMDs are not taken annually, you may be subject to an additional 50% tax penalty for the amount you were supposed to take. Please note this tool is designed to provide an estimate for individuals age 70½ or older.
Dates Of Birth
MonthDayYear
You
Beneficiary
Plan Information
Is your spouse the designated beneficiary? 
Account balance at end of last year ($) 
   
No bank guarantee • Not a deposit • Not FDIC/NCUA insured
May lose value • Not insured by any federal government agency

Pacific Life refers to Pacific Life Insurance Company and its affiliates, including Pacific Life & Annuity Company. Insurance products are issued by Pacific Life Insurance Company in all states except New York and in New York by Pacific Life & Annuity Company. Product availability and features may vary by state. Each company is solely responsible for the financial obligations accruing under the products it issues.

The results and explanations generated by this calculator may vary due to user input and assumptions. Pacific Life does not guarantee the accuracy of the calculations, results, explanations, nor applicability to your specific situation. We recommend that you use this calculator as a guideline only and ultimately seek the guidance of an experienced professional. CalcXML, the provider of this information and interactive calculator, is an independent third-party and is not affiliated with Pacific Life.

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