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required minimum distributions
Trends
- 1Plan to Retire at 61 on $560,000 and Rental Income●Retire at 61 With $560,000 in a 401(k) and Live on Rental Income for 12 Years, and by 73 the Account Will Have Crossed $1 Million, With a First RMD of About $38,000
A personal finance plan outlines retiring at 61 with $560,000 saved in a 401(k) while living off rental income for 12 years. By age 73, the account would grow past $1 million, triggering a first required minimum distribution of roughly $38,000. The scenario highlights how delaying withdrawals lets savings compound, though it depends on rental income remaining stable and market returns holding up.
- 2Retiring at 62: how $470,000 could grow to $800,000 by 73●A Woman Who Retires at 62 With $470,000 in a 401(k) and Lives on the Sale of Her House for 11 Years Will Have About $800,000 at 73, and a $30,000 RMD, Her First Taxable Income in a Decade
A financial planning scenario outlines how a woman retiring at 62 with $470,000 in a 401(k) could live for 11 years on proceeds from selling her house, letting her savings grow to roughly $800,000 by age 73. At that point, required minimum distributions of about $30,000 a year would kick in, marking her first taxable income in a decade.
- 3Two Retirement Paths, Two Very Different Required Minimum Distributions●Two Couples Retire at 62 With $600,000 Each in IRAs. One Lives on a Pension and Leaves the IRAs Alone. The Other Converts $45,000 a Year at 12%. At 73, One Faces a $39,000 RMD and the Other $15,000
A personal finance comparison looks at two couples who both retire at 62 with $600,000 in IRAs. One lives on a pension and leaves the accounts untouched; the other converts $45,000 a year to a Roth at an assumed 12% growth. By 73, the first couple faces roughly $39,000 in required minimum distributions, while the converting couple owes about $15,000.