Sign On
Use this calculator to estimate how much in taxes you could owe if you take a distribution before retirement from your qualified employer sponsored retirement plan (QRP) such as a 401k, 403b or governmental 457b.
Some fields are incomplete or the information is incorrect. Please review the highlighted fields.
All Fields Required
Early Distribution
Taking cash out of your 401(k) plan before age 59 ½ is considered an early distribution.*
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 retirement plan.
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 retirement plan.
55 or older
If you left your employer in or after the year in which you turned 55, you are not subject to the 10% additional tax.*
Rate of Return
The 10-year average rate of return for the S&P 500 Index was 13.84% annually as of July 2020. During the same period, the Dow Jones Industrial Average returned an average of 12.48% annually.
Source: Morningstar, Inc., August 3, 2020. Past performance is no guarantee of future results. You cannot invest directly in an index.
