Use this table to calculate required minimum distributions (RMDs) from IRAs and retirement plan accounts when the spouse beneficiary is more than 10 years younger.
RMD = Account balance ÷ Life expectancy factor (from the table below)
Example: Jessica is an IRA owner, and her husband, Jeff, is the sole beneficiary on her account. On December 31 of last year, Jessica’s ending account balance was $262,000. Jessica turns 76 this year, and Jeff turns 60. To calculate her RMD for this year, Jessica divides $262,000 by the life expectancy factor of 28.2 years. Her distribution amount is $9,290.78.
Please note that this is a partial table. For the complete table, please refer to IRS Publication 590-B.
Use the ages you and your spouse will be on this year’s birthdays.
Source: Internal Revenue Service, effective January 1, 2022
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