Estimate Your Payout
Results
Federal Penalty (10%):
Federal Taxes:
State Taxes:
Net Withdrawal:
📊 Reference: Current Federal Tax Brackets (IRS.gov)
Frequently Asked Questions
What is the penalty for withdrawing from a 401k early?
If you withdraw funds from your 401k before age 59½, you may owe a 10% early withdrawal penalty in addition to federal and state taxes.
How much tax will I pay on an early 401k withdrawal?
The amount of tax depends on your federal tax bracket and your state tax rate. Use the calculator above to estimate federal and state tax amounts.
Can I avoid the 10% penalty for early 401k withdrawal?
Yes, certain exceptions exist, such as disability, medical expenses, or substantially equal periodic payments. Check with the IRS or a financial advisor for details.