Calculators Suite


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Cash Distribution

Taking a cash distribution from a qualified retirement plan before you are eligible can have potential consequences. You will likely be responsible for ordinary income taxes and possibly a 10% additional tax on the withdrawn amount, reducing the value of the distribution. In addition, taking a distribution may reduce the amount of money you have available at retirement, and perhaps by more than you might think.

To see what potential effects taking a cash distribution today from your retirement plan could have on your current and future retirement savings, answer the following questions, and then click Submit.




What is your current plan balance?

$

What is your current age?


  1. 14
  2. 35
  3. 56
  4. 78
  5. 99

Value:  

At what age do you plan to retire?


  1. 55
  2. 60
  3. 65
  4. 70
  5. 75

Value:  

Which annual rate of return do you expect to earn on your investments?


What is your federal income tax rate?


If your income is subject to state taxes, enter your state income tax rate.

%