Cost of Cashing Out 401k

Enter your data below...

Current Age:
Retirement Age:
Assumed Return Rate: %
Plan Balance: $

If I Cash Out Now...

I'll Pay Penalties of:
I'll Pay Taxes of:
Taxes + Penalties
I'll have this much left:

If I Roll Over...

I'll have this much at retirement:

This calculator assumes a tax rate of 30% and IRS penalties of 10%. Distributions received before the age of 59.5 are subject to an early distribution penalty of 10% additional tax unless an exception applies.