401(k) Spend or Save

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Spend or Roll Over Your 401(k)

Compare cashing out your 401(k) now (with taxes + penalty) vs rolling it over and letting it grow.

Inputs

401(k) balance ($)

Current age

Retirement age

Federal + state tax rate (%)

Early withdrawal penalty (%)

Annual return if rolled over (%)

Retirement tax rate (%)

Results

Net if cashed out today

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After-tax value if rolled over

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Cost of cashing out

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Taxes paid now (cashout)

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Early withdrawal penalty

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Future balance (pre-tax)

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Early withdrawal penalty (10%) applies if under age 59½. No penalty on cashouts at retirement age. Cashing out is almost always worse — this calculator shows the real cost.