Early withdrawal cost

Show how federal-style tax and an early-distribution penalty can reduce net cash.

This is not a financial advisor for early retirement. It is an educational retirement distribution calculator for tax and penalty drag if you take money out before typical retirement ages.

Selects the matching state income-tax pack for this tax year. Medicare, HSA, 401(k), and RMD rules stay federal.

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Wages, pensions, and other taxable income besides this withdrawal.

Turn off if a named exception applies. Often applies to many pre-tax withdrawals before age 59½.

Nothing is saved. Leaving this page restores the example.

Example report

Illustrated results

Estimated federal tax

$5,500

Estimated state tax

$2,217

Early-distribution additional tax

$2,500

Estimated net cash

$14,783

  • Withholding, Roth basis recovery, and substantially equal periodic payments are not modeled.

Assumptions

  • Federal tax is the incremental 2026 IRS tax from adding this withdrawal to other ordinary income.
  • State tax uses the shared 2026 California engine (2026-enacted-v1; progressive brackets). California excludes Social Security benefits from state taxable income.
  • The 10% additional tax is IRC §72(t) for many pre-tax distributions before age 59½. Named exceptions are not itemized.
  • IRMAA generally starts at Medicare age 65. 2026 MAGI is lookback income for estimated 2028 premiums.
  • Rule year 2026: IRS federal income tax (2026-rev-proc-2025-32) and California state rules (2026-enacted-v1; progressive income tax). Medicare IRMAA, HSA, 401(k), and RMD tables are federal.

Educational planning software—not investment, tax, legal, Medicare, or Social Security advice. Projections depend on your inputs and assumptions. Optional professional review is separate when available.

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