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Net Distribution Calculator

Enter your withdrawal

$

The amount taken out of the account before anything is withheld.

%

20% is required on most 401(k) cash-outs; IRAs default to 10%.

%

Use 0 if your state has no income tax.

$

Any flat fee the plan or custodian charges for the payout.

Your results

You receive

–

Withheld and fees

–

You keep after the penalty

–

Breakdown

Gross withdrawal–
Federal tax withheld–
State tax withheld–
Processing fee–
Payment you receive–
10% penalty due at tax time–
Share of the withdrawal you keep–

Withholding is a prepayment, not your final tax. Depending on your bracket you may owe more or get some back when you file, and a fee is assumed to come out of the payment.

Results are estimates for educational purposes and are not financial, tax or legal advice.

Find what you actually receive from a retirement account withdrawal after tax withholding, fees and any early-withdrawal penalty, or how much to withdraw to end up with the amount you need. Pair this with the life expectancy calculator for a fuller picture before you make a decision.