If your retirement plan allows it, you can withdraw from your 401(k) before the age of 59 ½. But in most cases, you’ll be hit with some hefty financial consequences. “Typically, withdrawing ...

401(k) plans are typically set up to allow withdrawals starting at age 59 1/2. Individuals who ... How Long Will Your Retirement Savings Last? This free calculator estimates how far your ...

To avoid a premature withdrawal ... or other retirement plans. This calculator also considers your estimated life span, ...

Required minimum distributions (RMDs) are the minimum amounts you must withdraw annually from certain retirement accounts, ...

To use the rule of 55, you’ll need to: Be at least age 55 or older. Have a 401(k) or 403(b) that allows rule of 55 withdrawals. Have left your employer voluntarily or involuntarily in the year ...

The funds you withdraw cannot be paid back, which can significantly reduce your retirement savings. Depending on your age, it may be difficult to replace those funds before you stop working.