[CAROLE KAPLAN]

What percentage of 401k and/or sep accounts has to be withdrawn starting at age 70 1/2. How does the percentage change every year.
Note: I am not asking for a dollar amont, I want to know the percentage.

[talaniman]

That is entirely dependent on which plan administrator you have as it varies from plan to plan. Contact your plan administrator.

[ScottGem]

Its not quite that simple. The Required Minimum Distribution is based on anticipated life expectancy. Not plan administrator.

There are a number of RMD calculators on the WEB. Here's one: Required Minimum Distribution Calculator – FINRA

[ebaines]

The IRS determines the required minimum distribution, not the plan administrator. The initial distribution must be made by April 15 of the calendar year following when you turn age 70-1/2, and by December 31 of subsequent years. Here's the IRS table - you divide your December 31 account balance by the expected "distribution period" (esssentially your life expectancy):

www.irs.gov/pub/irs-tege/uniform_rmd_wksht.pdf

The resulting percentages turn out as follows for the first five years:

Age, RMD %
70, 3.65%
71, 3.77%
72, 3.91%
73, 4.05%
74, 4.20%
75, 4.27%
etc.