Early Retirement Withdrawal Penalty Calculator
See how much you'd actually receive from an early 401(k) or IRA withdrawal after the 10% penalty and income tax.
For information and education only — not financial advice. Results are estimates based on the numbers you enter; check important decisions with a qualified professional.
How to use
- 1Enter the amount you'd withdraw.
- 2Enter your federal and state income tax rates and whether the 10% penalty applies.
How it's calculated
Net = withdrawal − 10% additional tax − federal tax − state tax (all on the full amount for pre-tax accounts).
Frequently asked questions
When does the 10% penalty apply?
Generally on withdrawals before age 59½ from 401(k)s and IRAs, unless an exception applies.
What are the exceptions?
Examples include the rule of 55 for 401(k)s, disability, certain medical expenses, substantially equal periodic payments, and up to $10,000 for a first home from an IRA.
What about Roth accounts?
Your own Roth IRA contributions can be withdrawn anytime tax- and penalty-free; earnings may be taxed and penalized if withdrawn early.