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 (1 to 50)

Current annual income ($)

Marginal tax bracket (0% to 75%)

Plan Information

Amount of early withdrawal ($)

Annual before-tax return on 401(k) (-12% to 12%)

Does your plan suspend contributions for six months for hardship withdrawal?NoYes

If Yes, Current 401(k) plan contribution (0% to 100%)

Employer match (0% to 300%)

Maximum employer match (0% to 20%)

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