How Much Is the Required Minimum Distribution (RMD) if You Have $500,000 in Your Retirement Account?
The older you are, the bigger the required withdrawal.
Will you be 73 years old (or older) at any point in 2025? If so, you'll soon be withdrawing some money you may have in a retirement account. The IRS requires it. It's called a required minimum distribution, in fact, or RMD.
But what's the minimum? It changes with your age, starting at just a little less than 4% of the account's previous year-end value for the year in which you turn 73, and growing to 50% of the account's balance for 120-year-olds.
Just for perspective, though, here's a rundown of the RMDs for a $500,000 IRA at range of ages.
