Retirement calculator
When may an inherited IRA need to be emptied, and is a withdrawal due this year?
See the likely withdrawal deadline and whether yearly required withdrawals may apply before year ten.
Before you calculate
When may an inherited IRA need to be emptied, and is a withdrawal due this year?
Inherited IRA rules depend on who inherited the account, when the owner died, and whether the owner had reached the required withdrawal start. This calculator identifies the likely ten-year deadline, explains when yearly withdrawals may apply, and calculates a current amount only when the visitor supplies the correct life-expectancy factor.
Before you act on the number
Use the result to identify which assumption needs verification, then bring that question to the professional helping you make the decision.
Transparent method
Classify the beneficiary as a standard ten-year beneficiary, spouse, minor child, disabled or chronically ill person, close-age beneficiary, or another trust or estate case.
For a standard beneficiary, set the outside deadline at December 31 of the tenth year after death and check whether death occurred before or after the owner's required start.
When annual withdrawals appear to apply, divide the prior December 31 balance by the user-supplied IRS or custodian factor and subtract withdrawals already taken.
Common questions
Many non-spouse adult beneficiaries must empty the account by December 31 of the tenth year after the owner's year of death.
They generally continue when the owner died after the required beginning date. When death was before that date, the standard ten-year rule generally does not require annual withdrawals before year ten.
The factor depends on beneficiary and timing facts. A wrong factor produces a wrong RMD, so the tool requires the current IRS table or custodian value.
Yes. A spouse may have options not available to other beneficiaries, including treatment as the spouse's own IRA in some cases.
Sources
Want the fine print? See sources, methods, and limits.