What is the impact of early withdrawal from my 401(k)?

Many people feel the need to withdraw funds from their 401(k) plan due to hardship or other emergency. Use this calculator to help determine the impact of lost contributions and retirement funds due to early withdrawal.
Common Assumptions
Years until retirement 
Current annual income ($) 
Marginal tax bracket (%)help
Plan Information
Amount of early withdrawal ($) 
Annual before-tax return on 401(k) (%)help
Does your plan suspend contributions for six months for hardship withdrawal? 
If Yes, Current 401(k) plan contribution (%) 
Employer match (%) 
Maximum employer match (%) 
The information provided here is to assist you in planning for your future. Any analysis is a result of the information you have provided. Material discussed is meant for general illustration and/or informational purposes only and it is not to be construed as tax, legal, or investment advice. Although the information has been gathered from sources believed to be reliable, please note that individual situations can vary therefore, the information should be relied upon when coordinated with individual professional advice.

Any rate of return entered into the interactive calculator to project future values should be a reasonable average return for the period. Rates of return will vary over time, and generally the higher the rate of return the higher the degree of risk.

Powered By CalcXML Calculators For Websites