401(k) / IRA Early Withdrawal Penalty Calculator
Calculate the true cost of early retirement account withdrawals including the 10% penalty and income taxes.
Calculation Inputs
Calculation Results
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Enter inputs on the left and click Calculate to view results.
Formula & Methodology
Penalty = Withdrawal × 10%; Tax = Withdrawal × (Federal + State Rate)
Early withdrawals (before 59½) face a 10% penalty PLUS ordinary income taxes — often totaling 30-50% of the withdrawal.
Frequently Asked Questions
Are there exceptions to the 10% penalty?
Yes: disability, death, 72(t) SEPP payments, first home purchase (IRA only, up to $10k), medical expenses over 7.5% of AGI, and others.