Assessment of existing reinforced concrete (RC) structures after an earthquake is a challenging task that must somehow relate qualitative and quantitative observations in the plastic hinge regions and the associated residual deformation capacity of damaged structures. Having an estimate available for the remaining drift capacity will result in more economical and informed decisions regarding demolition or strengthening options. This study aims to develop a practical methodology to estimate the maximum drift demand of an RC column based on the residual crack width. For this purpose, fiber-based frame elements are used to model the RC column considering appropriately concrete behavior in compression and tension stiffening effects. Afterwards, the accuracy and reliability of the proposed methodology are demonstrated by validating the computational approach with two cyclic experimental results from literature and new test data for a one-bay one-story RC frame conducted within the course of this study. A comprehensive parametric study is performed for RC columns with different axial loads, longitudinal and transverse reinforcement ratios, and ground motions to exhibit the stochastic behavior. The study identifies the axial load ratio as the predominant parameter. Key findings include strong correlations between maximum drift ratios and total residual crack widths, as well as maximum compressive strains, with regression analysis yielding equations for accurate drift ratio estimation. Simple predictive models are proposed to estimate the maximum deformation demands based on observed residual crack widths. Residual cracking exceeding 5 mm poses significant risk for the columns with axial load ratios above 0.4, with 90% probability of exceedance 2% drift ratio.