72(t) Calculator

Work out the yearly withdrawals you can take from an IRA or workplace plan before age 59½ without the 10% additional tax, using the three IRS methods for substantially equal periodic payments. If you want to see how the figures change, the free roth ira calculator gives you an instant result you can adjust as you go.

Enter your account details

Account balance

IRA or plan balance on a date from December 31 of last year to the day of the first payment.

Your age this year

yrs

Age on your birthday in the first payment year.

Interest rate

Up to the greater of 5% or 120% of the federal mid-term rate.

Life expectancy table

Used by the RMD and amortization methods. Annuitization uses the IRS mortality rates for your life, or joint lives with the Joint table.

Method for the schedule

Expected annual return

Only used for the year-by-year schedule and the RMD method.

Your results

RMD method, first year

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Fixed amortization, every year

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Fixed annuitization, every year

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How the payments are worked out

Life expectancy used–

Amortization factor–

Annuity factor–

Payments must continue until–

Total withdrawn by then–

Balance left by then–

Changing the payments, adding money or moving money out of the account before the period ends brings back the 10% additional tax on every earlier payment, plus interest. A one-time switch to the RMD method is allowed.

Payment schedule

Year	Age	Starting balance	Payment	Ending balance

Results are estimates for educational purposes and are not financial, tax or legal advice.