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Living in Retirement: Have a Solid Withdrawal Strategy

Understand how withdrawals impact your savings

It's important to have a strategy for your withdrawals so that you can help your savings last through retirement. As you enter retirement, you may start withdrawing from your savings in order to provide a stream of income. Also, if you have a Traditional IRA or other tax-deferred retirement account, there are mandatory withdrawals known as minimum required distributions (MRDs), once you reach 70½. Learn more about MRDs.

With all these withdrawals, it's important to be strategic so that your savings can last. You may want to consider reinvesting a portion of your distributions. Also, your withdrawal strategy should factor in tax considerations so that you can make informed decisions about which accounts to withdraw from first. Be sure to:

  • Understand withdrawal tax considerations.
  • Prepare for required withdrawals from your accounts.
  • Consider consolidating your savings to help manage withdrawals.

Next steps

Minimum Required Distribution (MRD) Calculator
Determine your required retirement account withdrawals after age 70½.

Fidelity Income Strategy Evaluator®
Find a mix of income-producing investments to meet your needs in retirement.

Guaranteed Income Estimator
Get an estimate for guaranteed income payments you can receive through a fixed income annuity.*

Additional resources

Webinar on MRDs
Watch this webinar and learn three steps to getting MRDs right.

IRA FAQs: Minimum Required Distributions
Get more information on calculating and taking your MRDs.

Be sure you understand the tax consequences of any withdrawal or distribution before you initiate one. You may want to consult your tax advisor about your situation.
*Guarantees are subject to the claims-paying ability of the issuing insurance company.
Guidance provided by Fidelity through Fidelity Income Strategy Evaluator is educational in nature, is not individualized, and is not intended to serve as the primary basis for your investment or tax-planning decisions.
Keep in mind investing involves risk. The value of your investment will fluctuate over time and you may gain or lose money.