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Living in Retirement: Have a Solid Withdrawal Strategy

Understand how withdrawals impact your savings

Most people start withdrawing their savings to provide an income stream in retirement. Your withdrawal strategy should factor in tax considerations so that you can make informed decisions about which accounts to withdraw from first. It should also include a sustainable withdrawal rate to help your money last. 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.

Retirement Distributions Center lock_green

  • View, track, and manage distributions from your retirement and inherited retirement accounts.

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.
Fidelity Income Strategy Evaluator® is an educational tool.
Guidance provided by Fidelity is educational in nature, is not individualized, and is not intended to serve as the primary or sole 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.
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