What's the minimum you're required to withdraw from a $750,000 retirement account?

At a certain age, minimum withdrawals are required for those holding funds in a traditional IRA or 401(k). Wong Yu Liang/Getty Images A $750,000 retirement balance can feel like a reward after decades of disciplined saving , and in many ways, it is. That amount of retirement cash will cover years or decades of retirement expenses for the average retiree, especially after you factor in the monthly Social Security benefits most retirees receive. But what some retirees may not realize is that this account balance comes with certain stipulations if the money is sitting in a traditional IRA or 401(k). When your money is sitting in these types of accounts, the Internal Revenue Service (IRS) eventually requires you to withdraw a set amount every year. And, the more you've saved for retirement, the more you're forced to take out annually. These withdrawal requirements, known as required minimum distributions (RMDs), are tied to your age rather than your circumstances, so they don't wait for a strong market or a low tax year to arrive. Every dollar you withdraw counts as ordinary income, which means a large distribution can raise your tax bill at the same time it drains your account, so when — and how much you take out — matters, sometimes more than it might seem. …