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401(k) early withdrawal penalty calculator

The tax and 10% penalty if you withdraw from a 401(k) or IRA before 59½, and the growth you give up.

  • Free
  • No sign-up
  • Works on any device

About 401(k) early withdrawal penalty calculator

Shows what a 401(k) or IRA withdrawal before age 59 and a half really costs: income tax at your rate, the 10 percent early penalty and the future growth you give up. Taking 20,000 can leave far less than 14,000 in hand, and cost much more over decades.

How to use 401(k) early withdrawal penalty calculator

  1. Enter your numbers above.
  2. The result updates instantly as you type.
  3. Change any value to compare different cases.

Why use this tool?

Also known as

Frequently asked questions

Is the 10% penalty on top of regular income tax?

Yes. The early withdrawal amount is added to your taxable income and the extra 10 percent penalty applies as well, unless an exception such as disability applies.

Is 401(k) early withdrawal penalty calculator free?

Yes. 401(k) early withdrawal penalty calculator on Toolipedia is free to use, with no sign-up and no watermark.

Is it safe to use?

Yes. Everything is worked out in your browser, and nothing you enter is sent to our server.

Does it work on my phone?

Yes. It works in any modern browser on Android and iPhone, as well as on tablets and computers. There's nothing to install.

Do I need an account?

No. Just open the page and use the tool. There's no sign-up and no email needed.

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