401(k) Early Withdrawal Calculator

401(k) withdrawals are an option in certain circumstances. But what long-term gains are you giving up for cash on hand now?
401(k) Withdrawal Calculator

Many, or all, of the products featured on this page are from our advertising partners who compensate us when you take certain actions on our website or click to take an action on their website. However, this does not influence our evaluations. Our opinions are our own. Here is a list of our partners and here's how we make money.


The investing information provided on this page is for educational purposes only. NerdWallet, Inc. does not offer advisory or brokerage services, nor does it recommend or advise investors to buy or sell particular stocks, securities or other investments.

Updated
Profile photo of Chris Davis
Written by Chris Davis
Managing Editor
Profile photo of Robert Beaupre
Edited by Robert Beaupre
Lead Assigning Editor

401(k) withdrawal calculator

Enter your information below to see how much you could be giving up by withdrawing funds before retirement.

Earn up to $125 in cash rewards for finding and rolling over your 401(k)*

Get guided support locating your old account and making sure your rollover is done right.

*Rewards vary by services used. Basic 401(k) Finder = 1,000 pts. Premium 401(k) Finder = 2,500 pts. Rollover = 10,000 pts. 100 pts = $1 value.

Should you withdraw money from a 401(k) early?

That decision depends on you and your financial situation.

In some cases, it's possible to withdraw from retirement accounts like 401(k)s and individual retirement accounts before your retirement age without a penalty. But there are often many reasons to avoid it, if you can.

The cash you take out is typically subject to taxes, penalties and withholdings, and with less money leftover in the account, it could mean missing out on potentially substantial returns in the long term.

» Want to learn more? See the penalties and taxes that accompany an early 401(k) withdrawal.

Get more smart money moves – straight to your inbox
Sign up and we’ll send you Nerdy articles about the money topics that matter most to you along with other ways to help you get more from your money.