Withdrawals before retirement

Visualize the impact on your long-term retirement savings of withdrawing money from your retirement accounts prior to retirement if you are considering withdrawing money now.

Withdrawal amount after taxes and fees

$ 15,000

Projected account loss with withdrawal

$ 63,443

Balance at retirement with no withdrawal: $ 1,268,868
Balance at retirement with withdrawal: $ 1,205,424

Effect of early withdrawal on retirement savings over time

Current Age

55 years

Planned Retirement Age

70 years

Current Retirement Savings

Expected Annual Rate Of Return

8 %

Withdrawal Amount

Federal Income Tax Rate

10 %

State Income Tax Rate

5 %

Retirement Plan Savings Type

This calculator is for information purposes only and is not intended to provide investment, legal, tax or accounting advice, nor is it intended to indicate the performance, availability or applicability of any product or service. The accuracy of this and its applicability to your circumstances is not guaranteed. You may wish to consult an appropriate and qualified advisor about your unique situation. This calculator is provided by EVERFI. EVERFI is not affiliated with this site's sponsor, owner or any affiliate thereof. You should always consult with your financial planner, attorney and/or tax advisor as needed. Results and analyses are based exclusively on information provided by you and no assumptions are made as to your particular situation. Projection is hypothetical in nature and not predications or guarantees. All investments carry a degree of risk and past performance is not a guarantee of future results. Asset allocation and diversification do not ensure a profit and do not protect against loss in declining markets.