Internal Revenue Code sections 72(t) and 72(q) provide for tax-penalty-free early withdrawals from retirement accounts under certain circumstances. These provisions can allow you to begin receiving money from your retirement accounts before you reach age 59½ generally without the normal 10% federal early withdrawal tax penalty. Use this calculator to determine your allowable 72(t)/(q) distribution and how it may be able to help fund your early retirement. The IRS rules regarding 72(t)/(q) distributions are complex. Please consult a qualified professional when making decisions about your personal finances. Please note that your financial institution may or may not support all the methods displayed via this calculator.


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Information and interactive calculators are made available to you as educational tools for your independent use. We cannot and do not guarantee their applicability or accuracy in regards to your individual circumstances. All examples are hypothetical and are for illustrative purposes. Actual results will vary. This information is not intended as investment advice, a recommendation, or solicitation of an offer to sell or buy any security, product, investment or strategy. The results may be used as a resource in making investment decisions but should not be relied on primarily or comprehensively as your financial plan. Please consult with your financial professional regarding your situation. For legal, accounting or tax advice, consult the appropriate professional.

RO: 2806284 (04/2023)