401(k) Early Withdrawal Costs Calculator

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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Error Were you 55 years of age or older when you left your employer?
 

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Early Withdrawal

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

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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).

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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).

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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.*

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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.

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