MDIB Distributions
June 2002 - New Life expectancy tables!
Hurray! The IRS changed the rules so you no longer have to use all these
complicated tables! Now there is one simple table for everybody to determine
your minimum withdrawal. I have continued keeping the old numbers as a reference, but now the MDIB column is the real one that matters!
This calculator lets you build up your traditional IRA or 401(k) balance up
until age 70 1/2 when you must start making taxable distributions. It then
uses the "recalculation" method for three cases to determine your minimum
withdrawals in following years. The remainder of your balance grows tax
deferred in the account until withdrawn. The three cases shown are:
1) MDIB, the new standard for everybody! Your IRA/401(k) custodian is now required to distribute out this amount each year.
2) Single life
3) Joint life (spousal) beneficiary where the two people are exactly the same age.
Have fun!
In 30 years your $ 100000 will grow to $ 574,349
| |
MDIB |
Single Life |
Same Age Spouse |
|---|
| Age | Divisor | Balance | Minimum Withdrawal |
Divisor | Balance | Minimum Withdrawal |
Divisor | Balance | Minimum Withdrawal |
|---|
| 70 | 27.4 | 574349 | 20961 | 17.0 | 574349 | 33785 | 21.8 | 574349 | 26346 |
| 71 | 26.5 | 587848 | 22182 | 16.3 | 575024 | 35277 | 20.9 | 582463 | 27869 |
| 72 | 25.6 | 600936 | 23474 | 15.5 | 574248 | 37048 | 20.0 | 589542 | 29477 |
| 73 | 24.7 | 613518 | 24838 | 14.8 | 571655 | 38625 | 19.2 | 595437 | 31012 |
| 74 | 23.8 | 625490 | 26281 | 14.1 | 567329 | 40236 | 18.4 | 600151 | 32616 |
| 75 | 22.9 | 636738 | 27805 | 13.4 | 561132 | 41875 | 17.6 | 603543 | 34292 |
| 76 | 22.0 | 647138 | 29415 | 12.7 | 552925 | 43537 | 16.8 | 605464 | 36039 |
| 77 | 21.2 | 656551 | 30969 | 12.1 | 542563 | 44839 | 16.0 | 605752 | 37859 |
| 78 | 20.3 | 664974 | 32757 | 11.4 | 530277 | 46515 | 15.2 | 604238 | 39752 |
| 79 | 19.5 | 672115 | 34467 | 10.8 | 515578 | 47738 | 14.5 | 600739 | 41430 |
| 80 | 18.7 | 677975 | 36255 | 10.2 | 498774 | 48899 | 13.8 | 595354 | 43141 |
| 81 | 17.9 | 682398 | 38122 | 9.7 | 479801 | 49464 | 13.1 | 587933 | 44880 |
| 82 | 17.1 | 685219 | 40071 | 9.1 | 459125 | 50453 | 12.4 | 578329 | 46639 |
| 83 | 16.3 | 686261 | 42101 | 8.6 | 436219 | 50723 | 11.7 | 566389 | 48409 |
| 84 | 15.5 | 685335 | 44215 | 8.1 | 411669 | 50823 | 11.1 | 551963 | 49726 |
| 85 | 14.8 | 682240 | 46097 | 7.6 | 385546 | 50729 | 10.5 | 535354 | 50986 |
| 86 | 14.1 | 677077 | 48019 | 7.1 | 357949 | 50415 | 9.9 | 516490 | 52170 |
| 87 | 13.4 | 669682 | 49976 | 6.7 | 329010 | 49106 | 9.4 | 495308 | 52692 |
| 88 | 12.7 | 659886 | 51959 | 6.3 | 299645 | 47562 | 8.8 | 472334 | 53674 |
| 89 | 12.0 | 647520 | 53960 | 5.9 | 270061 | 45773 | 8.3 | 447000 | 53855 |
| 90 | 11.4 | 632411 | 55474 | 5.5 | 240491 | 43725 | 7.8 | 419965 | 53841 |
| 91 | 10.8 | 614881 | 56933 | 5.2 | 211195 | 40614 | 7.4 | 391321 | 52881 |
| 92 | 10.2 | 594841 | 58317 | 4.9 | 183252 | 37398 | 7.0 | 361919 | 51702 |
| 93 | 9.6 | 572213 | 59605 | 4.6 | 156849 | 34097 | 6.6 | 331931 | 50292 |
| 94 | 9.1 | 546940 | 60103 | 4.3 | 132162 | 30735 | 6.2 | 301554 | 48637 |
| 95 | 8.6 | 519654 | 60424 | 4.1 | 109356 | 26672 | 5.8 | 271010 | 46725 |
| 96 | 8.1 | 490408 | 60544 | 3.8 | 89245 | 23485 | 5.5 | 240545 | 43735 |
| 97 | 7.6 | 459288 | 60432 | 3.6 | 71114 | 19754 | 5.2 | 211242 | 40623 |
| 98 | 7.1 | 426413 | 60058 | 3.4 | 55627 | 16361 | 4.8 | 183293 | 38186 |
| 99 | 6.7 | 391939 | 58498 | 3.1 | 42604 | 13743 | 4.5 | 156104 | 34689 |
| 100 | 6.3 | 356957 | 56659 | 2.9 | 31417 | 10833 | 4.2 | 130781 | 31138 |
| 101 | 5.9 | 321715 | 54528 | 2.7 | 22468 | 8321 | 3.9 | 107489 | 27561 |
| 102 | 5.5 | 286490 | 52089 | 2.5 | 15495 | 6198 | 3.6 | 86377 | 23993 |
| 103 | 5.2 | 251590 | 48382 | 2.3 | 10226 | 4446 | 3.3 | 67566 | 20474 |
| 104 | 4.9 | 218303 | 44551 | 2.1 | 6393 | 3044 | 3.0 | 51145 | 17048 |
| 105 | 4.5 | 186849 | 41522 | 1.9 | 3732 | 1964 | 2.7 | 37165 | 13765 |
| 106 | 4.2 | 156538 | 37271 | 1.7 | 1992 | 1171 | 2.4 | 25630 | 10679 |
| 107 | 3.9 | 128659 | 32989 | 1.5 | 939 | 626 | 2.2 | 16489 | 7495 |
| 108 | 3.7 | 103389 | 27943 | 1.4 | 369 | 264 | 1.9 | 9983 | 5254 |
| 109 | 3.4 | 81649 | 24014 | 1.2 | 127 | 106 | 1.7 | 5327 | 3134 |
| 110 | 3.1 | 62534 | 20172 | 1.1 | 28 | 26 | 1.5 | 2513 | 1675 |
| 111 | 2.9 | 46113 | 15901 | 1.0 | 4 | 4 | 1.2 | 988 | 823 |
| 112 | 2.6 | 32979 | 12684 | 0.0 | 0 | 0 | 1.0 | 224 | 224 |
| 113 | 2.4 | 22273 | 9280 | 0.0 | 0 | 0 | 0.0 | 13 | 0 |
| 114 | 2.1 | 14329 | 6823 | 0.0 | 0 | 0 | 0.0 | 14 | 0 |
| Total Withdrawn | $ 1,799,120 | $ 1,227,009 | $ 1,457,438 |
|---|
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