Use this calculator to estimate how much in taxes and penalties you could owe if you withdraw cash early from your 401(k).
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Taking cash out of your 401(k) plan before age 59 ½ is considered an early withdrawal.*
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 401(k).
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 401(k).
55 Years of Age
If you left your employer in or after the year in which you turned 55, you are not subject to the 10% early withdrawal penalty.*
Rate of Return
From 1970 through 2010, the S&P 500 Index has returned an average of 6.6% annually. During the same period, the Dow Jones Industrial Average returned an average of 6.7% annually.
Source: Yahoo! Finance. Past performance is no guarantee of future results. You cannot invest directly in an index.