Retirement
What happens if I take out my 401(k) early?
Quick Answer
Early 401(k) withdrawals before age 59½ owe a 10% penalty plus ordinary income tax. With 20% mandatory federal withholding and state tax, expect to lose roughly 30%–45% of the withdrawal to the IRS.
Warren Team
Updated April 26, 2026
34
Warren Team
Updated April 26, 2026
34
Important Disclaimer:
The information provided is for educational purposes only and should not be considered as personalized financial advice. Warren is a registered investment advisor. Past performance does not guarantee future results. Please consult with a qualified financial advisor before making investment decisions.
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