Use this free 401(k) Early Withdrawal Costs Calculator to estimate taxes and penalties before cashing out. Understand the true cost of withdrawing your retirement savings early.
Withdrawal Details
Please enter a non-negative amount.
Please enter a percentage between 0 and 100.
Please enter a percentage between 0 and 100.
Please enter a percentage between 0 and 100.
Eligibility
| Withdrawal Summary | |
|---|---|
| Gross Withdrawal Amount | $10,000 |
| Federal Penalty (10%) | $1,000 |
| Federal Income Tax | $2,500 |
| State Income Tax | $500 |
| Local/City Income Tax | $0 |
| Net Amount Received | |
| Net Proceeds | $6,000 |
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