72t Calculator for Determining Early 401k Withdrawals

The Internal Revenue Code section 72(t) and 72(q) can allow for penalty free early withdrawals from retirement accounts under certain circumstances. These sections can allow you to begin receiving money from your retirement accounts before you turn age 59-1/2 generally without the normal 10% premature distribution penalty. Use this calculator to determine your allowable 72(t)/(q) Distribution and how it maybe able to help fund your early retirement. The IRS rules regarding 72(t)/(q) Distributions are complex. Please consult a qualified professional when making decisions about your personal finances. Please note that your financial institution may or may not support all the methods displayed via this 72t calculator.

Using the 72t Calculator

Enter your own information into the 72t calculator including your current 401k balance and ages for you and your beneficiary. You can easily change these inputs to see what the impact will be. Areas highlighted in red will need to be filled in in order for the 72t calculator to produce meaningful results. Easily generate and view a full detailed report to see a year-by-year break down of your 401k account balance and allowable penalty free withdrawals. Also check out our many other 401k planning calculators including the 401k withholding calculator which shows how changing your 401k contributions affects your net take pay.


Information and the interactive 72t Calculator are made available to you as self-help tools for your independent use and are not intended to provide investment advice. We cannot and do not guarantee their applicability or accuracy in regards to your individual circumstances. All examples are hypothetical and are for illustrative purposes. We encourage you to seek personalized advice from qualified professionals regarding all personal finance issues.