What is my early withdrawal penalty for retirement accounts in 2025?
Estimate penalties and taxes on early retirement withdrawals for 2025 or 2026. Enter age, account type, withdrawal amount, and taxable income to see the 10% penalty (if applicable), added income tax, and the estimated after-tax cash you would receive under common exception rules.
How this calculation works
- Determines taxable withdrawal portion by account type and source.
- Applies a 10% penalty when under age 59½ without an exception.
- Estimates added income tax using IRS brackets for the selected year.
Common mistakes and caveats
- Exception rules are simplified and must be verified for eligibility.
- State taxes and withholding are not included.
- Plan-specific rules can change taxable amounts.
FAQ
Is there always a 10% penalty before age 59½?
No. Certain exceptions can waive the penalty, but income tax may still apply.
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