72(t) Calculator

Internal Revenue Code sections 72(t) and 72(q) provide for tax-penalty-free early withdrawals from retirement accounts under certain circumstances. These provisions can allow you to begin receiving money from your retirement accounts before you reach age 59½ generally without the normal 10% federal early withdrawal tax penalty. Use this calculator to determine your allowable 72(t)/(q) distribution and how it may be 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 calculator.