Rule of 55 Calculator
Calculate penalty-free 401(k) withdrawals if you leave your employer at age 55+
The Rule of 55 lets you take penalty-free withdrawals from your current employer's 401(k) if you separate from service during or after the year you turn 55. SECURE Act 2.0 extended this to 403(b) plans starting in 2025.
Key Requirements
- Age: Turn 55 (or older) in the year you leave
- Employer: Only applies to your most recent employer's plan
- Taxes: Income tax still applies, just no 10% penalty