Minimum 401K distribution?

Your RMD is recalculated each year based on (1) the divisor from the IRS Uniform Distribution Table, and (2) the market value of your account(s) as of Dec 31 of the previous year. If you turned 70 on your birthday in the calendar year you turned 70 1/2 the divisor from the table under age 70 is 27.4. You take the previous year end market value and divide it by 27.4. Assuming $100,000, your RMD would be $3,650. The following year the divisor is 26.5, and you do the same calculation with the new year-end market value and the new divisor....and so on, each year.

You could contact the plan administrator/trustee/custodian and request the form to put your RMDs on auto-pilot. They'll do the calculation and send you your check(s) each year, automatically.

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DISCLAIMER FOR PROFESSIONALS: While the information in this response was obtained from sources believed to be reliable, its accuracy and completeness cannot be guaranteed. The opinion voiced in this answer is for general information only and it shall not be construed as tax, legal, or investment advice for any individual. Questioners are urged to consult with their professional advisers before making any decisions regarding their finances.

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This really depends on a couple of things: first, how's your health? Are you healthy and do you expect to live more than ten or 15 more years? Then keep things as they are--withdraw only what you need to withdraw to boost your essential living expenses. If you are not expecting to live that long, or if you are already running into problems, you can increase it. You should not have to use it up now--if your essential expenses are covered by other sources, such as social security or salary. No matter what you do, you should talk to a financial adivsor for your particular situation.