Retirement Withdrawal Calculator vs Required Minimum Distribution (RMD) Calculator
Two calculators for the same neighbourhood of questions. Here is what each measures, what you feed in, and where you'd reach for one over the other.
Retirement Withdrawal Calculator
Estimate how much you can safely withdraw from your retirement portfolio each year, adjusted for inflation. Use this when planning annual spending in retirement under the 4% rule or a custom rate.
- Answers
- Adjusted Annual Withdrawal ($)
- Inputs
- Portfolio Value, Withdrawal Rate, Expected Inflation Rate, Years in Retirement
Required Minimum Distribution (RMD) Calculator
Calculate the IRS-mandated minimum amount you must withdraw from your 401(k) or IRA each year once you reach age 73. Use this each December to avoid the steep 25% IRS penalty for under-withdrawing.
- Answers
- Required Minimum Distribution ($)
- Inputs
- Account Balance (Dec 31), Life Expectancy Factor
At a glance
| Retirement Withdrawal Calculator | Required Minimum Distribution (RMD) Calculator | |
|---|---|---|
| Category | Retirement | Retirement |
| Answers | Adjusted Annual Withdrawal | Required Minimum Distribution |
| Inputs | 4 | 2 |
| Result unit | $ | $ |
When to use each
Estimate how much you can safely withdraw from your retirement portfolio each year, adjusted for inflation. Use this when planning annual spending in retirement under the 4% rule or a custom rate.
Calculate the IRS-mandated minimum amount you must withdraw from your 401(k) or IRA each year once you reach age 73. Use this each December to avoid the steep 25% IRS penalty for under-withdrawing.