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401(k) or Other Qualified Employer Sponsored Retirement Plan (QRP) Early Distribution Costs Calculator

Use this calculator to estimate how much in taxes and penalties you could owe if you take a distribution before retirement from your qualified employer sponsored retirement plan (QRP) such as a 401k, 403b or governmental 457b.

All Fields Required

Did you turn age 55 or older in the year you separated from service?
 

Early Distribution

Taking cash out of your 401(k) plan before age 59 ½ is considered an early distribution.*

Federal Income Tax Rate

Estimate your marginal Federal income tax rate (your tax bracket) based on your current earnings, including the amount of the cash withdrawal from your retirement plan.

State Income Tax Rate

Estimate your marginal state income tax rate (your tax bracket) based on your current earnings, including the amount of the cash withdrawal from your retirement plan.

55 or older

If you left your employer in or after the year in which you turned 55, you are not subject to the 10% early distribution penalty.*

Rate of Return

The 10-year average rate of return for the S&P 500 Index was 5.39% annually as of August 2016. During the same period, the Dow Jones Industrial Average returned an average of 5.02% annually.

Source: S&P Dow Jones Indices, August 3, 2016. Past performance is no guarantee of future results. You cannot invest directly in an index.