Table of Contents

## Is there a new RMD table for 2020?

The age for withdrawing from retirement accounts was increased in 2020 to 72 from 70.5. Therefore, your first RMD must be taken by April 1 of the year in which you turn 72….IRA Required Minimum Distribution (RMD) Table for 2022.

IRA Required Minimum Distributions | |
---|---|

Age | Distribution Period in Years |

72 | 27.4 |

73 | 26.5 |

74 | 25.5 |

### How do I calculate my RMD from the IRS?

Generally, a RMD is calculated for each account by dividing the prior December 31 balance of that IRA or retirement plan account by a life expectancy factor that the IRS publishes in Tables in Publication 590-B, Distributions from Individual Retirement Arrangements (IRAs).

**How do I figure out my RMD for 2022?**

Say your IRA was worth $500,000 at the end of 2021 and you’re turning 72 in 2022. The IRS distribution period for 72-year-olds is 27.4 years. So, if you divide $500,000 by 27.4 years, you get $18,248. That’s what your RMD for 2022 would be.

**Did IRS change the RMD tables?**

In 2020, the IRS updated the table to reflect its assumptions of longer life expectancies (this work was done before COVID-19, which reduced the average life expectancy for Americans by 1.8 years). These changes just went into effect on Jan. 1, 2022.

## What percentage is the RMD for 2021?

3.66%

The percentage of the account that must be distributed as an RMD is 3.66%.

### Which table do I use for RMD?

** The Uniform Lifetime Table can be used by all IRA owners, unless their sole beneficiary for the entire year is their spouse who is more than 10 years younger. In that case, the regular Joint Life Expectancy Table is used, which could reduce the RMD even further.

**What is the RMD percentage for a 72 year old?**

You’d still follow the same IRA withdraw rules listed above. If you have multiple retirement plans such as a 401(k) and a traditional IRA you need to calculate RMDs for each plan separately….RMD Tables.

IRS Uniform Lifetime Table | |
---|---|

Age | Life Expectancy Factor |

71 | 26.5 |

72 | 25.6 |

73 | 24.7 |

**What is the percentage of RMD for 2021?**

The percentage of the account that must be distributed as an RMD is 3.66%.