How Do You Calculate the Required Minimum Distribution of an IRA at Age 70 1/2?


Quick Answer

To calculate the required minimum distribution of an IRA, the balance of the IRA is divided by the distribution period, which is 26.5 at the age of 70 years 6 months. The deadline to start withdrawing is April 1 of the following year an individual turns 70 1/2 years old.

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Full Answer

For all years past 70 1/2, the deadline is Dec. 31 of that year. This calculation holds true unless the spouse is the sole beneficiary of the IRA and is more than 10 years younger. An individual then factors in his life expectancy along with his spouse's and divides the IRA balance by this new distribution period.

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