- Amount to withdraw
- The amount you wish to withdraw from your qualified retirement plan. Withdrawals are subject to income tax and prior to age 59-1/2 may also be subject to a 10% additional tax penalty. There are some exceptions to the penalty. Consult a tax advisor for more information. For this calculation it is assumed that all contributions to the retirement account were made on a pre-tax or tax-deductible basis. If you made contributions that were subject to income taxes, you may not owe taxes on the entire withdrawal. You should consult your tax or legal advisor concerning your particular situation.
- Current age
- Your current age.
- Federal income tax rate
- Your estimated federal tax rate. If you are unsure, the calculator will choose 25%. Please note that state taxes are entered in a separate entry field. **TAXTABLE_CURRENT_DEFINITION**
- State income tax rate
- The current state marginal tax rate you expect to pay on any additional income (or taxable distributions).
