If you hold a Traditional, SEP, or SIMPLE IRA, you generally have to start taking a Required Minimum Distribution (RMD) from your IRA when you reach the age of 70½. Roth IRAs do not require an RMD until the death of the account owner.
While there is no maximum to how much you can withdraw from your IRA, you are required to withdraw an amount based on the IRA account balance as of the end of last calendar year divided by a distribution factor from the IRS’s Uniform Lifetime Table.
Calculating your RMD
Use one of the applicable worksheets to calculate your Required Minimum Distribution:
Read more about RMD's from the IRS.
Inherited IRAs - if your IRA was inherited from the original owner, see our article on Required Minimum Distributions for Beneficiary IRAs